Perella Weinberg spin-out GreyLion launches with $1.35bn

GreyLion Capital announced that it had completed its spin-out from Perella Weinberg Partners Capital Management earlier this week. Originally known as PWP Growth Equity at the time of its launch in 2012, the firm is led by industry veterans and long-time Perella Weinburg executives Chip Baird and David Ferguson. “Our move to independence represents the natural evolution of our business, which has build a track record for robust value creation in various macroeconomic environments,” said Baird, now managing partner at GreyLion. “The entire team at PWP has been very supportive of our strategic decision to become an independent firm. We appreciate their partnership throughout this process and for all their assistance over the years.” Perella Weinberg Partners announced that going forward they would not have any role in GreyLion’s governance and that certain employees and partners will continue as supportive limited partners in the GreyLion-managed funds. The firm currently manages two private equity funds with aggregate commitments of $1.35 billion. GreyLion’s diversified portfolio invests across the consumer, industrial, software and services sectors. “With an investment strategy grounded in 80 years of collective experience, our senior team is seasoned at sourcing differentiated, quality equity investment opportunities,” said GreyLion Managing Partner Ferguson. “We leverage long standing relationships with partners who value our experience in growing businesses, while using conservative capital structures.” According to the spin-out announcement, the firm often partners with the business owners and management teams to deliver capital ranging between $25 million and $125 million in flexible minority and control structures.

Perella Weinberg spin-out GreyLion launches with $1.35bn

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