Private investment firm Gridiron Capital has held the final closing of Gridiron Capital Fund V and its affiliated funds (Gridiron V) with $2.1bn in capital commitments, in excess of the its original $1.8bn and 56% larger then the firm’s previous fund.
Gridiron V, the largest flagship fund in the firm’s history, attracted support from a broad base of returning and new investors, including pension funds, insurance companies, family offices, endowments, and foundations located across the US, Europe, Asia, and the Middle East.
Consistent with the Firm’s investment approach in prior funds, Gridiron V will target control, equity investments in North America that are specifically focused on partnering with industry leaders within branded consumer, B2B and B2C services, and niche industrial businesses with total enterprise values between $150m and $600m.
Gridiron Capital’s fund formation counsel was Ropes & Gray LLP.
