Graycliff Partners announced the closing of the firm’s fifth lower middle market private equity fund, Graycliff Private Equity Partners V (the “Fund”). The oversubscribed Fund closed at its hard cap of $600 million in limited partner commitments in a single closing and included significant additional commitments from Graycliff’s partners and employees. The fundraise was completed in less than four months with support from both existing and new investors.

Andrew Trigg, Graycliff’s Managing Partner, said “We are extremely pleased with the outcome of this fundraise and want to thank all of our limited partners for their overwhelming support.” While the majority of the Fund’s capital was committed by existing institutional investors, the Fund also welcomed many new strategic limited partners including pension funds, endowments, insurance companies, and family offices.

The strong demand is a testament to Graycliff’s expertise and ability to create value through its disciplined strategy and investment approach. Building on the success of its predecessor funds, the Fund will continue the strategy of making control buyout investments in lower middle market companies, with a focus on partnering with founder- and family-owned businesses in the manufacturing, business services, and value-added distribution sectors.

The newly formed Private Capital Advisory group at William Blair & Company served as advisor and exclusive placement agent for the fundraise and Weil, Gotshal & Manges LLP provided legal services.