Gryphon Investors loses portfolio company ‘consigliere’

Jef Rogers, a principal with Gryphon Investors, left the firm earlier this month, Rogers confirmed on Friday. It’s not clear what Rogers will do next, but he says he is “pursuing other interests.”

Rogers had been with Gryphon for almost 12 years, leading due diligence efforts for all prospective deals as well as strategic and operations consulting for portfolio companies, according to an archived version of Gryphon’s web site. He described his role as “consigliere” for some portfolio company CEOs.

Prior to Gryphon, Rogers worked as a vice president and private equity investor at Citadel Investment Group in the private investments division. He also worked at Recovery Equity Partners co-leading several investments and at Booz & Co as a strategy consultant, according to his bio on the website.
It’s not clear if Gryphon is replacing Rogers. The firm declined to comment.

The firm closed its fund, Gryphon Partners 3.5, in October on $365 million, well above the $250 million target. The firm raised $415 million for its third buyout fund in 2006, but in 2008 deferred coming back to market with Fund IV and instead collected $100 million for a bridge fund.

Buyouts reported that Gryphon decided to do a second bridge fund, instead of a flagship vehicle, because firm executives didn’t want to be distracted from deals in a challenging fundraising environment. Fund 3.5 has a three-year investment period rather than the traditional five or six years for larger funds.

Photo courtesy of Shutterstock.