Gryphon Closes Fourth Fund to Back Consumer Goods, Healthcare and Business Services
The fund has already invested in fire safety consulting firm Jensen Hughes
Gryphon Investors has raised its fourth fund, Gryphon Partners IV LP, to back middle-market companies in business services, consumer products, healthcare and industrial growth industries.
The fund raised $1.1 billion in commitments from domestic and international pension funds, insurance companies, asset managers, foundations and high net-worth families. Approximately 80 percent of the firm’s institutional investors from previous funds also participated in Gryphon IV. The firm’s fourth fund has already invested in Jensen Hughes, a fire protection and life safety engineering and consulting firm based in Baltimore, Maryland.
“Achieving such a successful fundraise, while also completing five new platform investments totaling over 40 percent of Gryphon IV’s capital and multiple substantial exits, is especially rewarding,” states Gryphon co-founder Nick Orum.
Gryphon is a middle-market private equity firm with approximately $2.5 billion in equity commitments. The firm, based in San Francisco, generally invests between $35 million to $150 million in portfolio companies with approximately $50 million to $500 million in sales. The firm has previously invested in laundry chemical provider Washing Systems LLC and frozen cake maker Original Cakerie.
Recent fund closings include: ParkerGale Capital LP closing its debut buyout fund; Monroe Capital LLC’s raising a $800 million credit fund; Wellfleet Credit Partners closing a $406.1 million collateralized loan obligation fund (CLO); The Carlyle Group LP (Nasdaq: CG) raising a new CLO valued at nearly $403 million; Chicago-based NXT Capital LLC closing its fourth debt fund at $900 million; and Audax Group’s raising nearly $1.2 billion in capital for the firm’s fourth mezzanine fund.
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