Weil advised Graycliff Partners LP in the closing of its lower middle market private equity fund, Graycliff Private Equity Partners V. The oversubscribed fund closed at its hard cap of $600 million in limited partner commitments in a single closing and included significant additional commitments from Graycliff’s partners and employees. The fundraise was completed with support from both existing and new investors.

Building on the success of its predecessor funds, the Fund will continue the strategy of making control buyout investments in lower middle market companies, with a focus on partnering with founder- and family-owned businesses in the manufacturing, business services, and value-added distribution sectors.

The Weil team was led by Private Funds partner Stephanie Srulowitz and included Private Funds associates John Bradshaw, Ali Harkness, Adam Ofman, David Tessler, Rachel Yidana and Alexander Zedlovich, along with Tax partner Andrew Morris and Tax associate Sidney Chiang.