Fri, Sep 17, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Gridiron Capital closes fourth fund on $1.35bn - beating target

Friday, December 18, 2020
Opalesque Industry Update - Gridiron Capital has closed Gridiron Capital Fund IV and its affiliated Funds at $1.35 billion, reaching its hard-cap. Gridiron IV was significantly oversubscribed and is the largest flagship fund in the firm's history.

"With the closing of Gridiron IV, we are grateful to our investors for their partnership and support. Despite navigating a unique and challenging year, we are excited to celebrate the closing of our largest flagship fund to date as well as our 15-year anniversary, and look forward to strategically deploying this fund," said Tom Burger, Co-Founder and Managing Partner. "At Gridiron, we are passionate about what we do each day and never lose sight of the people who are counting on us to deliver outstanding results - from our management teams and their employees, to our investors and their underlying constituents including retirees, children in hospitals, and students relying on financial aid. Our 'Winning Together' culture is an important part of who we are."

Similar to prior funds, Gridiron IV will target control, equity investments in North America with a focus on branded consumer, B2B and B2C services, and niche industrial businesses. The firm takes a thematic approach to investing, known as Gridiron's Thematic Areas of Expertise™, by identifying target areas early where the firm has a particular expertise and formulating a viewpoint and strategy ahead of establishing new partnerships. Leveraging this approach, Gridiron IV has already invested in five platform investments and six add-on investments and is approximately 50% deployed. With approximately $5 billion in AUM, Gridiron has invested in over 100 companies, including 28 platform investments over its 15 year history.

Kevin Jackson, Managing Partner at Gridiron Capital, stated, "We are extremely proud of the year we have had at Gridiron. We have kept our businesses healthy, in many cases accelerated growth, generated significant liquidity across multiple investments for our Limited Partners, invested in four fantastic platform companies with talented management teams, and completed our oversubscribed fundraise for Gridiron IV- all during a global pandemic. We are thankful for the steadfast confidence and long-term commitment of our investor partners who have remained supportive over the last 15 years and during this unprecedented year."

As former entrepreneurs, investors, and business operators, Gridiron's senior management has created a culture and investment approach based on their first-hand experience building and running businesses and understanding the importance of high-performing founders and management teams leading middle market companies. In conjunction with the extended Gridiron Team, including operating partners and our Board of Business Executives, the firm leverages the Gridiron Playbook and its eight functional Centers of Excellence to create repeatable value when partnering with founders and management teams.

Gridiron Capital's fund formation counsel was Ropes & Gray LLP.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: The fall of the SPAC market has digital media companies in disagreement about best path forward, Cannae Holdings: SPAC bloodbath provides a good entry point, British car startup Cazoo raises $1bn from SPAC merger, Europe's incoming SPAC boom will create a demand for talent[more]

    The fall of the SPAC market has digital media companies in disagreement about best path forward From CNBC: The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital me

  2. Property: Real estate's new moneymaker is not design-driven, it's alternative, Two Sigma building quant tools to hunt real estate bargains[more]

    Real estate's new moneymaker is not design-driven, it's alternative From Forbes: There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns. In the past, it's always been a combination of good design, prim

  3. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  4. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  5. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover