Fund name: Gridiron Capital Fund IV
Fund size: $1.35 billion
Launch date: December 2018
Stage of fundraising: Final close
Gridiron Capital held a final closing of Gridiron Capital Fund IV at its $1.35 billion hard-cap, according to a press release by the firm. Capital raised by the vehicle will be used to invest in middle-market companies throughout North America within the business services, consumer goods and niche industrial sectors.
Gridiron IV received commitments from several institutional investors, including a $50 million commitment from Illinois State Board of Investment and a $50 million commitment from Los Angeles Fire & Police Pension System.