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Bailey McCann, Opalesque New York: Grafine Partners, a private equity firm focused on emerging managers has closed its first fund on $600 million. The strategy beat its $500 million target.
Grafine's strategy provides anchor LP capital and institutional-level support to first-time funds launched by experienced private markets investors, in exchange for revenue sharing and access to co-investment opportunities for its LPs.
The fund has already made investments in three firms:
Ascendant Capital Partners, a vertically integrated opportunistic real estate investment and operating firm focused on hotel and residential investments.
Stanley Capital Partners, a European-focused mid-market private equity firm focused on healthcare, technology & resource efficiency.
The Newcastle Network, an investment platform providing growth capital to lower middle market performing consumer businesses.
Grafine recently launched its second strategy focused on co-investments, which will be a dedicated, pooled vehicle seeking to earn high risk-adjusted returns by investing in a portfolio of highly vetted co-investment opportunities sponsored by select emerging private equity managers.
"Grafine's mission is to provide access to differentiated and potentially high returning investment opportunities by investing behind the next generation of talented managers and operating partners and working with them day in and day out to build profitable and scalable firm...................... To view our full article Click here
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