Gryphon Investors (“Gryphon”) today announced that it held a final closing of Gryphon Partners IV, LP (“Gryphon IV”) at its hard cap of $1.1 billion of aggregate commitments. The fund was oversubscribed and exceeded its original target of $600 million.
David Andrews, Founder and CEO, said, “We greatly appreciate the enthusiastic support we received from our existing and new investors. The LP market’s confirmation of Gryphon’s unique integration of specialized deal and operating professionals from investment origination through exit to generate substantial alpha on a consistent basis was especially gratifying.”
Gryphon IV will continue the firm’s nearly 20-year history of partnering with management teams in North America to build leading businesses through the aggressive pursuit of growth, both organically and through add-on acquisitions, in business services, consumer products and services, healthcare, and industrial growth industries.
Investors in the fund include a diverse group of domestic and international pension funds, insurance companies, asset managers, foundations, and high net worth families. Approximately 80% of the institutional investors from Gryphon’s prior fund re-upped in Gryphon IV at an average of 200+% of their prior commitments.
“Achieving such a successful fundraise, while also completing five new platform investments totaling over 40% of Gryphon IV’s capital and multiple substantial exits, is especially rewarding,” commented Nick Orum, Co-founder and President. “This achievement speaks to the unusual depth and capabilities of our team for a lower middle-market firm.”
About Gryphon Investors
Based in San Francisco, Gryphon Investors is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. For five consecutive years, Gryphon has been ranked in Preqin’s prestigious quarterly PE report as one of North America’s top-decile firms based on consistency of strong investment returns. With approximately $2.5 billion of cumulative equity commitments, the firm has an extensive track record of leading equity investments of approximately $35 million to $150 million per portfolio company with sales ranging from approximately $50 million to $500 million. Gryphon prioritizes investment opportunities where it can form proactive partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources and operational expertise.
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