GreyLion Capital completes spin out from PWP

GreyLion Capital (GreyLion) has completed its spin out from Perella Weinberg Partners Capital Management (PWP). 

Established as part of Perella Weinberg Partners Asset Management business in 2012, GreyLion is now an independent, employee-owned investment firm, focusing on investing in a diversified portfolio of high-growth businesses in the middle market. Going forward, PWP will not have any role in GreyLion’s governance. Certain PWP employees and partners will continue as supportive limited partners in GreyLion-managed funds.

Chip Baird and David Ferguson will continue to lead GreyLion and will serve as the firm’s Managing Partners. All investment and certain related non-investment staff dedicated to the growth equity strategy, will also become part of GreyLion, ensuring continuity for portfolio companies, investors, private equity partners and advisers.

Chip Baird, Managing Partner, says: “Our move to independence represents the natural evolution of our business, which has built a track record for robust value creation in various macroeconomic environments. The entire team at PWP has been very supportive of our strategic decision to become an independent firm. We appreciate their partnership throughout this process and for all their assistance over the years.”

“With an investment strategy grounded in 80 years of collective experience, our senior team is seasoned at sourcing differentiated, quality equity investment opportunities. We leverage long standing relationships with partners who value our experience in growing businesses, while using conservative capital structures,” says David Ferguson, Managing Partner.

GreyLion invests in a diversified portfolio across the consumer, industrial, software and services sectors. GreyLion targets quality equity investment opportunities where it most often partners with the business owners and management teams to deliver capital (ranging between USD25 million and USD125 million) in tailored and flexible minority and control structures. The firm currently manages two private equity funds, with aggregate commitments of USD1.35 billion.