Greyrock Capital Group Raises $275M For Fourth Fund

Mar 8 2017 | 10:39pm ET

Greyrock Capital Group has raised $275 million in capital commitments for its fourth buyout fund, handily beating its original $200 million target. 

The new fund, named GCG Investors IV, was oversubscribed, according to a statement. Limited partners included both new and existing investors and are comprised of insurance companies, university endowments, pension plans and high-net worth individuals. 

Greyrock launched its fundraising in the fall of 2016 and was assisted by placement agent CrossBay Capital, the company said. 

Founded in 2002 and headquartered in Wilton, CT, Greyrock provides subordinated debt and equity in support of buyouts, recapitalizations and growth capital for lower middle market companies with an EBITDA between $3 million and $30 million. The company’s principals led a highly successful middle-market corporate finance business for Bank of America’s Commercial Finance Division and its predecessors. Over more than twenty years, they have invested subordinated debt and equity in over 125 companies in a wide range of industries.

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