Gridiron Capital closes fourth fund on $1.35bn - beating target Friday, December 18, 2020 Opalesque Industry Update - Gridiron Capital has closed Gridiron Capital Fund IV and its affiliated Funds at $1.35 billion, reaching its hard-cap. Gridiron IV was significantly oversubscribed and is the largest flagship fund in the firm s history. With the closing of Gridiron IV, we are grateful to our investors for their partnership and support. Despite navigating a unique and challenging year, we are excited to celebrate the closing of our largest flagship fund to date as well as our 15-year anniversary, and look forward to strategically deploying this fund, said Tom Burger, Co-Founder and Managing Partner. At Gridiron, we are passionate about what we do each day and never lose sight of the people who are counting on us to deliver outstanding results - from our management teams and their employees, to our investors and their underlying constituents including retirees, children
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Bertram Buys Pacific Handy Cutter from Levine
Bertram Capital has acquired
Pacific Handy Cutter, from
Levine Leichtman Capital Partners.
California-based Pacific manufactures cutting instruments and specializes in the industrial safety sector. Bertram invests in and grows middle market companies in the consumer, business services, manufacturing, industrial and technology sectors. Private equity firm Levine focuses on mid-sized businesses in franchising, professional services, education and engineered products.
Lincoln International,
GPD Companies Inc., an affiliate of
One Rock Capital Partners LLC, has acquired
Distrupol, a European distributor of thermoplastics to the polymer processing industry, from
Univar Solutions Inc.
Distrupol will become part of GPD, a global holding company for value-added plastics distribution entities including
Gridiron Closes Fourth Fund at $1.35B
Private equity firm
Gridiron Capital LLC has raised Gridiron Capital Fund IV at $1.35 billion. The fund received investments from pension funds, insurance companies, family offices, endowments, and foundations.
Connecticut-based Gridiron invests in and grows middle market businesses in the consumer, business services and industrial sectors. “We are extremely proud of the year we have had at Gridiron. We have kept our businesses healthy, in many cases accelerated growth, generated significant liquidity across multiple investments for our limited partners, invested in four fantastic platform companies with talented management teams, and completed our oversubscribed fundraise for Gridiron IV all during a global pandemic.” says Gridiron managing partner
Press release content from PR Newswire. The AP news staff was not involved in its creation.
PosiGen Completes Successful First Close of Series D Growth Equity Financing
December 16, 2020 GMT
PosiGen logo (PRNewsFoto/PosiGen Solar)
NEW ORLEANS, Dec. 16, 2020 /PRNewswire/ PosiGen, the nation’s leading provider of renewable energy and efficiency solutions for low-to-moderate income (LMI) households, is pleased to announce the first close of its Series D growth equity financing with a $33 million investment from a group of leading impact-focused private equity investors.
The initial investment was made possible by PosiGen’s compelling product offering, massive addressable market, best-in-class unit economics, rapidly accelerating growth, and strong business performance through the COVID-19 pandemic. The Series D investment syndicate is led by the Builders Fund, The 2040 Fund, and Emerson Collective.