Gryphon Investors raises $100M in supplemental fund - St. Louis Business Journal:

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San Francisco-based Gryphon's third fund closedc in 2006 afterraising $415 million. The additional $100 milliojn from the firm's limited or investors, will supplement the fund's remainint uncommitted capital. "We appreciate our existing LPs so quicklgy expanding our active capital base by 25 percent so we could maintain our momentu m and defer beginning a full fundraising procesxs for Gryphon IV until late 2008 orearly 2009," said Davidd Andrews, president and managing generakl partner of Gryphon.
The firm focusese on middle market companies, investing $25 millioh to $75 million of its own capital in companiezs with annual revenues rangingbetween $25 million and $250 Gryphon successfully cashed in on two investments in the latter half of 2007. The firm sold at more than a 40 percentr internal rateof return, and it also sold at more than a 60 percent internal rate of return. Also in the seconrd half of 2007, Gryphon completed two new investmentsa through the acquisitionof , a Western wear multichannell retailer, and the recapitalization of , an operator of leadershipp conferences and educational summer programs for academicallyu oriented students in grades six through In addition, the firm has two acquisitions undefr letters of intent and expected to closre in the first quarter.
"Now, we have over $200 million of uncommitte capital available for new investmentzs inan M&A environment that is well-suited for Gryphon'sw value-based investment style," Andrews said.