Graycliff Partners (Graycliff) has held the first and final closing of the firm’s fifth lower middle market private equity fund, Graycliff Private Equity Partners V, which was oversubscribed, at its hard cap of $600m, in limited partner commitments.
The fundraise, which was completed in less than four months with support from both existing and new investors, also included significant additional commitments from Graycliff’s partners and employees.
The fund will continue the strategy of pervious funds by 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 newly formed Private Capital Advisory group at William Blair & Company served as advisor and exclusive placement agent for the fundraise and Weil, Gotshal & Manges LLP provided legal services.
