Graycliff Partners Holds Single Closing for New $100 Million Small-cap Buyout Fund, GCP Ascend LP

Graycliff Partners LP (“Graycliff”), a lower middle market investment manager, has announced the single closing of GCP Ascend LP (the “Fund”), which closed with $100 million in limited partner capital plus additional commitments from Graycliff’s partners and employees.

GCP Ascend represents Graycliff’s new small-cap strategy targeting founder- and family-owned businesses with below $4 million of EBITDA. The Fund will expand Graycliff’s reach in the lower middle market while continuing its approach of making control buyout investments in the manufacturing, industrial services, and value-added distribution sectors.

The Fund will invest through a dedicated team led by Jason Caporrino and Taylor Catarozoli, both Managing Directors. Messrs. Caporrino and Catarozoli are experienced working with lower middle market businesses in the Fund’s target industries.

“We are excited to expand the firm’s target market while leveraging Graycliff’s business development network and value add approach,” said Taylor Catarozoli, Managing Director of Ascend. Managing Director Jason Caporrino added, “We are committed to producing superior outcomes while continuing Graycliff’s impressive history of being the buyer of choice for founder sellers.”

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