Graycliff Partners raises $45m

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Graycliff Partners has raised $45 million for its Graycliff Mezzanine III, according to a SEC filing. The New York-headquartered firm began fundraising in 2016 with a $125 million target.

Its previous fund raised $260 million in 2014.

The fund will target subordinated/mezzanine debt opportunities in a diverse number of sectors in the United States.