Graycliff Partners Announces Close of $350 Million Buyout Fund

Graycliff Partners LP today announced the final closing of the firm’s fourth private equity fund, Graycliff Private Equity Partners IV LP (GPEP IV). The oversubscribed fund closed at its hard cap of $350 million in limited partner commitments.

Andrew Trigg, Graycliff Managing Partner, said, “We are extremely pleased with the outcome of this fundraise and appreciate the overwhelming support from our new and existing limited partners.” Limited partners in the new fund include pension funds, insurance companies, university endowments, fund-of-funds, family offices, and high-net-worth individuals.

“We are thrilled to further build upon our private equity program with the closing of GPEP IV,” said Duke Punhong, Graycliff Managing Partner. “We look forward to finding attractive opportunities to invest this new capital base on behalf of our partners.”

GPEP IV will continue Graycliff’s strategy of making control buyout investments in lower middle market companies, with a focus on partnering with founder and family-owned businesses in the manufacturing, business services, and value-added distribution sectors.

The Private Fund Group of Credit Suisse served as placement agent for this fundraise and Weil provided legal services.

About Graycliff Partners LP

Graycliff Partners is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses. Through dedicated equity and credit funds, Graycliff provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion.