Firm: Gridiron Capital
Fund: Gridiron Capital Fund II LP
Target: $400 million, $500 million hard cap
Placement Agent: NovaFund Advisors
The firm is seeking $400 million for the fund,
The New Canaan, Conn.-based firm seeks to invest in companies generating EBITDA of $5 million to $25 million, typically writing an equity check for between $20 million and $75 million. In particular, it likes franchises, companies competing in industries experiencing fundamental change, family-owned companies, and corporate divestitures.
Gridiron Capital’s portfolio includes
The firm started raising the fund in January and its executives are hoping to wrap fundraising by the fall. NovaFund Advisors, a placement agency based in Darien, Conn., is helping to raise the fund.
Thomas Burger, a former managing director for buyout shop
Burger and Managing Director Timothy Clark, who joined the firm in 2006, have sports backgrounds, Clark having played baseball for the Cincinnati Reds while Burger played football at Duke University. “At Gridiron Capital, our name means everything — we believe in basic blocking and tackling, team work, a common goal, executing a plan and winning in the trenches every day,” Burger is quoted on the firm’s Web site.