Greyrock Capital Group has closed its oversubscribed fourth fund at $275 million, beating its original $200 million target. GCG Investors IV’s limited partners included insurance companies, university endowments, pension plans and high-net worth individuals. CrossBay Capital served as the placement agent. Greyrock focuses on lower middle market companies with an EBITDA between $3 million and $30 million.
Chicago, IL 2/28/2017 – Greyrock Capital Group has held a final closing of its oversubscribed fourth fund, GCG Investors IV, LP, at $275 million. The original target was $200 million.
With the success of its prior funds, Greyrock received strong support from both existing and new limited partners comprised of a diverse group 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.
With offices in Berkeley, CA, Chicago, IL and Wilton, CT; Greyrock provides subordinated debt and equity in support of buyouts, recapitalizations and growth capital for lower middle market companies with EBITDA between $3 and $30 million.
Formed in 2002, its Principals have 150 years of collective experience, and led a highly successful middle-market corporate finance business for Bank of America’s Commercial Finance Division and its predecessors. Over a twenty year plus period they have invested subordinated debt and equity in over 125 companies in a wide range of industries.