Grays Peak Capital, a private equity firm that specializes in consumer and technology investments, has seen many successes this year and is about to mark another item off the list. It has announced the final closing of their oversubscribed private equity fund, Grays Peak Venture Fund II. This comes just a few months after the equity firm acquired the popular maternal health and wellness brand Healthy Mama.
When talking about the close, Scott Stevens, the firm’s CEO and founder had this to say:
“We surpassed our goal of raising Grays Peak Ventures Fund II by all metrics. This represents a significant milestone for Grays Peak Capital and validates the leadership role we expect to provide in growth capital and advisory services to companies in the industry.”
“With the overwhelming success of Grays Peak Ventures Fund II, we are planning to begin marketing Grays Peak Ventures Fund III with the goal of raising $100 million from institutional investors. The fund will continue to target investments in value-add opportunities in the technology and consumer space.”
What is Gray Peak Capital All About?
Grays Peak Capital is a global alternative investment firm located in New York that is currently managing assets for a diverse investor base of high-net worth individuals, family offices and institutions. Their portfolio contains a wide array of multinational brands that have created value by disrupting mature industries and embracing technological innovation.
They partner with companies that show a real drive in innovation through technology, of which they do a complete market analysis, financial analysis, and due diligence on each deal.
After partnering with a client, they help them achieve superior brand recognition and increased market share by leveraging their network of operating partners. Through their expertise, they help scale and increase profitability and long term value for their clients.
How it came to be
The firm was founded by Scott Stevens who has over 2 decades of experience in working with equity funds and investment banking prior to starting Grays Peak Capital. After earning his bachelor’s degree in economics from Michigan State he went on to work for Merrill Lynch as an M&A investment banker, covering many of the industries he is investing into today. He then went on to be a senior analyst at Coatue Capital from 2001-2004.
From there he moved to California for 8 years and worked in a few different investment firms, such as Ivory Capital and JAT Capital, managing their tech portfolios. In 2014, after realising that he could create a unique and innovative approach to his industry, Steve along with a partner, decided to form Gray Peak Capital in New York City, bringing his years of knowledge and ideas to create a template for his firm.
Along with Steve, the team at Grays Peak Capital has over 60 years of interdisciplinary investment and strategy experience comprised of hedge fund, venture capital, financial & advisory, investment banking, market research, and portfolio management. They have also amassed a number of experts in their network with manufacturing expertise, marketing resources, and technical and executive talent.
Since the company’s inception in 2015, Grays Peak Capital has raised over $50 million for its investments and has set its sights to their next goal of raising $100 million. Several investments have been made to portfolio companies in the last year, which includes companies such as AR software company Niantic, e-cigarette giant JUUL and insurance company Lemonade, which are on pace to exceed $50 million in revenue in 2019. Grays Peak Capital has received 5 distributions from investments so far this year.
Given the marks of their current success, Grays Peak Capital is poised for a promising future.