Gryphon Investors held a final close on its fourth fund at the $1.1 billion hard-cap, surpassing its original $600 million target. The capital will be invested into North American business, healthcare, industrial and consumer goods companies with a strategy of partnering with management teams to achieve fast growth.
Investors include a group of both domestic and international pension funds, insurance companies, foundations, asset managers and family offices. Almost 80 percent of investors in Gryphon's previous vehicle re-upped.
Gryphon III, the fund's direct predecessor closed in 2006 at $415 million. The firm, however also raised a $365 million bridge fund which closed in September 2013 after beating its $250 million target.