Greybull Stewardship, a private investment firm focused on helping small businesses, has closed $140 million in new capital commitments across its evergreen fund, Greybull Stewardship LP, and its first closed-end fund, Greybull Stewardship II LP.

Greybull Stewardship LP closed an additional $40 million, bringing its total lifetime commitments since its launch to $70 million. Greybull Stewardship II LP closed with $100 million in capital commitments at its hard cap. The funding comes from both new and existing investors across foundations, family offices and funds of funds. To date, Greybull has focused primarily on investing in companies within business services, franchising, education and SaaS (software-as-a-service).

“In our view, small businesses are the backbone of the U.S. economy, and we see a tremendous opportunity to continue to fuel their growth, particularly as they demonstrate resiliency in the face of economic headwinds,” says Mason Myers, founder and CEO of Greybull. “We are grateful for the support of new and long-time investors, and we are excited about the opportunities ahead to continue to generate attractive returns.”