Greyrock Capital
Greyrock Capital Group is a private mezzanine debt and equity provider founded in 2001, serving US PE sponsors and independent sponsors financing buyouts and recapitalizations of middle-market companies with $2-30M EBITDA.
- Company typePrivate
- Founded2001
- HeadquartersWilton, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Greyrock Capital does
Greyrock Capital Group is a private investment firm founded in 2001 that provides mezzanine debt and equity financing to support buyouts, recapitalizations, and internal growth needs of US middle-market companies. The firm deploys two primary financing products: (1) Mezzanine Capital — subordinated debt with equity features — supplied to traditional private equity firms to finance leveraged buyouts; and (2) One-Stop Junior Capital — combined equity and subordinated debt — supplied to independent sponsors as a single-provider junior capital solution. The firm targets companies with $2–30M EBITDA across selected verticals including manufacturing, medical devices, healthcare services, distribution, specialty materials, food & beverage, education, and aerospace, with typical total check sizes of $8–40M+.
The firm operates a sequential fund structure across six independently managed vehicles (Fund I through Fund VI), with Fund VI closing at $284 million in 2023. Since inception, Greyrock has invested over $1.3 billion in capital across more than 100 platform companies, partnered with 60+ private equity sponsors, and completed 41 independent sponsor platform transactions. It maintains three US offices in Walnut Creek (headquarters), Chicago, and Wilton, staffed by a lean team of 9 investment professionals led by Managing Partner Steve Dempsey. The firm's go-to-market model is relationship-based direct sales to PE sponsors and independent sponsors, with the originating deal lead remaining the point of contact throughout the investment lifecycle.
Greyrock Capital firmographics
Firmographics- Name
- Greyrock Capital
- Legal name
- Greyrock Capital Group
- Website
- https://greyrockcapitalgroup.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Greyrock Capital Group is a private mezzanine debt and equity provider founded in 2001, serving US PE sponsors and independent sponsors financing buyouts and recapitalizations of middle-market companies with $2-30M EBITDA.
- Ownership category
- akta.pro rank
Greyrock Capital industry classification
Industry- Product category
- Mezzanine Capital / Private Equity Investing
- NAICS
- Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Mezzanine / Subordinated Debt (FSANADAC)
- akta.pro secondary industries
- Direct Lending — Junior Capital (Second Lien & Mezzanine) (FSAHAJAC), Private Credit / Direct Lending (FSAAAHAG), Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)
Keywords
Where Greyrock Capital is headquartered
LocationHeadquarters
- HQ city
- Wilton
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Greyrock Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Mezzanine Debt Financing: Greyrock provides subordinated debt to traditional private equity firms to finance buyouts. This includes subordinated debt facilities and junior capital solutions.
- Equity Co-investments: Greyrock provides equity co-investments alongside private equity sponsors to create alignment of incentives and support portfolio company growth.
- Junior Capital Solutions: One-stop junior capital (combining debt and equity) for independent sponsors to finance buyouts, providing certainty-of-close and post-close flexibility.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom mezzanine debt and equity financing arrangements |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Greyrock Capital product offering
Product offeringCore offering
Greyrock Capital Group provides mezzanine debt and equity financing to private equity sponsors and independent sponsors for buyouts, recapitalizations, and internal growth needs of lower middle-market companies with $2-30M EBITDA. The firm offers two primary products — Mezzanine Capital for traditional PE firms and One-Stop Junior Capital (combined debt plus equity) for independent sponsors — through a series of independently managed funds totaling over $1.3 billion invested since inception.
Product overview
Greyrock Capital Group operates as a private equity investment firm providing mezzanine debt and equity financing rather than a traditional product company. The firm's core offerings consist of two primary financing products: Mezzanine Capital (subordinated debt with equity features) for traditional private equity firms, and One-Stop Junior Capital (combined equity and subordinated debt) for independent sponsors. Greyrock manages multiple investment funds including Fund VI ($284M), Fund V ($280M), and prior funds, channeling capital to middle-market companies across sectors including Manufacturing, Medical Devices, Healthcare Services, Distribution, Specialty Materials & Chemicals, and Aerospace. The firm's financing solutions target companies with $2-30M EBITDA and check sizes of $8-40M+.
Differentiator
Problem solved
Functional benefit
Products and services
- Greyrock Fund VI
Quantifiable outcome
- 100+ platform companies supported
- +3 more outcomes
Companies that use Greyrock Capital
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles2 records
Greyrock Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Greyrock Capital partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights4 records
Greyrock Capital competitors and assessment
Company assessmentDirect peers
- Golub Capital: One of the largest middle-market direct lenders and mezzanine providers in the U.S., competing directly with Greyrock for sponsor-backed LBO financings in the lower-middle market with $2-30M EBITDA companies.
- Garrison Capital: Externally managed BDC focused on debt and co-equity investments in lower middle-market companies, directly comparable in target company profile and product mix (subordinated debt + equity co-investment) to Greyrock.
- PennantPark Investment Corp: BDC providing mezzanine debt, senior secured loans, and equity investments to middle-market companies sponsored by PE firms, with very similar product offerings and target sponsor base as Greyrock.
- Saratoga Investment Corp: BDC specializing in mezzanine debt, leveraged loans, and equity in U.S. middle-market companies, often alongside PE sponsors — directly comparable to Greyrock's middle-market mezzanine strategy.
- Madison Capital Funding: Middle-market direct lender providing senior and mezzanine debt to PE-sponsored transactions, overlapping with Greyrock's core LBO financing focus and sponsor customer base.
- NXT Capital: Direct lender providing senior and mezzanine debt to sponsor-backed middle-market companies, with overlapping customer base and transaction types as Greyrock.
- Main Street Capital: Lower-middle-market focused investment firm providing debt and equity financing, including mezzanine capital, to U.S. companies — comparable in target company size and product mix.
- Capitala Finance: Lower-middle-market specialty finance provider of mezzanine debt and equity to PE-sponsored companies, with very similar deal size, target EBITDA range, and product structure as Greyrock.
Broad incumbents
- Audax Group: Large private equity firm with a mezzanine debt and capital solutions division that provides sponsor financing including subordinated debt — overlapping with Greyrock but at materially greater scale and broader product offering.
- Oaktree Capital Management: Large alternative asset manager with significant private credit and mezzanine debt capabilities targeting middle-market companies; while much larger and more diversified, it competes for the same sponsor-led LBO transactions as Greyrock.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Greyrock Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Greyrock Capital leadership team
Management profileNumber of profiles
Profiles10 records
Greyrock Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Greyrock Capital M&A and investment
M&A and investmentM&A2 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Greyrock Capital
What does Greyrock Capital do?
Greyrock Capital Group provides mezzanine debt and equity financing to private equity sponsors and independent sponsors for buyouts, recapitalizations, and internal growth needs of lower middle-market companies with $2-30M EBITDA. The firm offers two primary products — Mezzanine Capital for traditional PE firms and One-Stop Junior Capital (combined debt plus equity) for independent sponsors — through a series of independently managed funds totaling over $1.3 billion invested since inception.
Is Greyrock Capital a public or private company?
Greyrock Capital is a private company. It is classified as management employee owned and is currently operating.
When was Greyrock Capital founded?
Greyrock Capital was founded in 2001. It employs 1 to 10 people.
Where is Greyrock Capital based?
Greyrock Capital is headquartered in Wilton, United States, in the North America region.
How does Greyrock Capital make money?
Three revenue lines are on record. Mezzanine Debt Financing is the primary driver. The others are equity Co-investments and junior Capital Solutions.
Who are Greyrock Capital's main competitors?
Direct peers on record are Golub Capital, Garrison Capital, PennantPark Investment Corp, Saratoga Investment Corp, Madison Capital Funding, NXT Capital, Main Street Capital and Capitala Finance. Broad incumbents are Audax Group and Oaktree Capital Management.
Does Greyrock Capital have an API?
No public API is recorded for Greyrock Capital.
What industry is Greyrock Capital in?
Greyrock Capital's product category is Mezzanine Capital / Private Equity Investing. Its primary akta.pro industry code is FSANADAC, Mezzanine / Subordinated Debt, with a secondary code of FSAHAJAC, Direct Lending — Junior Capital (Second Lien & Mezzanine). Its NAICS code is 5259 and its SIC code is 6159.