Graycliff Partners LP (“Graycliff” or “Graycliff Partners”) announced the closing of the firm’s fifth lower middle market private equity fund, Graycliff Private Equity Partners V (the “Fund”). 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 in less than four months with support from both existing and new investors.