- Graycliff Partners LP announced the final closing of its fourth private equity fund called Graycliff Private Equity Partners IV LP (GPEP IV)
Graycliff Partners LP has announced the final closing of the firm’s fourth private equity fund called Graycliff Private Equity Partners IV LP (GPEP IV). This oversubscribed fund closed at its hard cap of $350 million in limited partner commitments.
“We are extremely pleased with the outcome of this fundraise and appreciate the overwhelming support from our new and existing limited partners,” said Graycliff Managing Partner Andrew Trigg.
The 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,” added Graycliff Managing Partner Duke Punhong. “We look forward to finding attractive opportunities to invest this new capital base on behalf of our partners.”
GPEP IV is going to continue Graycliff’s strategy of making control buyout investments in lower middle-market companies. And it will also 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 had served as a placement agent for this fundraise and Weil provided legal services.
