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Gryphon Investors closes fund IV at over USD1bn in commitments

Gryphon Investors has held a final closing of Gryphon Partners IV at its hard cap of USD1.1 billion of aggregate commitments.

The fund was oversubscribed and exceeded its original target of USD600 million.
David Andrews, founder and CEO, says: “We greatly appreciate the enthusiastic support we received from our existing and new investors. The LP market’s confirmation of Gryphon’s unique integration of specialised deal and operating professionals from investment origination through exit to generate substantial alpha on a consistent basis was especially gratifying.”
Gryphon IV will continue the firm’s nearly 20-year history of partnering with management teams in North America to build businesses through the pursuit of growth, both organically and through add-on acquisitions, in business services, consumer products and services, healthcare, and industrial growth industries. 
Investors in the fund include a diverse group of domestic and international pension funds, insurance companies, asset managers, foundations and high net worth families. Approximately 80 per cent of the institutional investors from Gryphon’s prior fund re-upped in Gryphon IV at an average of 200-plus per cent of their prior commitments.
“Achieving such a successful fundraise, while also completing five new platform investments totalling over 40 per cent of Gryphon IV’s capital and multiple substantial exits, is especially rewarding,” says Nick Orum, co-founder and president. “This achievement speaks to the unusual depth and capabilities of our team for a lower middle-market firm.”

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