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Laxman Pai, Opalesque Asia: New York-based Graycliff Partners has hit a $350m hard cap for the final close of its fourth mid-market buyout fund - Graycliff Private Equity Partners IV LP (GPEP IV).
Limited partners in the new fund include pension funds, insurance companies, university endowments, fund-of-funds, family offices, and high-net-worth individuals.
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."
Through dedicated equity and credit funds, the firm provides capital for acquisitions, management buyouts, recapitalizations, growth, and expansion.
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 ...................... To view our full article Click here
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