Private equity firm Gridiron Capital LLC has raised Gridiron Capital Fund IV at $1.35 billion. The fund received investments from pension funds, insurance companies, family offices, endowments, and foundations.
Connecticut-based Gridiron invests in and grows middle market businesses in the consumer, business services and industrial sectors. “We are extremely proud of the year we have had at Gridiron. We have kept our businesses healthy, in many cases accelerated growth, generated significant liquidity across multiple investments for our limited partners, invested in four fantastic platform companies with talented management teams, and completed our oversubscribed fundraise for Gridiron IV— all during a global pandemic.” says Gridiron managing partner Kevin Jackson.
The fund will follow a similar strategy as previous funds where Gridiron identifies sectors where the company has expertise in before investing in and growing businesses. Gridiron has been advised by legal firm Ropes & Gray LLP.