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.