Gridiron Capital Hits Hard Cap with $850M Third Fund

Oct 26 2016 | 9:08pm ET

Gridiron Capital has raised $850 million in capital commitments for its third buyout fund, which is aimed at acquiring controlling interests in middle-market niche manufacturing, business service, and specialty consumer product companies in the United States and Canada.

The new fund, named Gridiron Capital Fund III, LP, closed at its hard cap, the company said in a statement. The investment strategy is consistent with Gridiron’s prior two funds, which raised $425 million in 2012 and $300 million in 2007, respectively. 

Fund III successfully raised capital in North America, Europe, and Asia, the company said, with participation from endowments and foundations, insurance companies, public and private pension funds, fund of funds and high net worth individuals.  

Ropes & Gray served as legal counsel for the new fund.

Founded in 2006 and based in New Canaan, CT, Gridiron Capital focuses on acquiring and building middle-market manufacturing, services and specialty consumer companies in the United States and Canada.  

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