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Gryphon Investors launches platform investment; Huron Capital likes enterprise software

Good morning, Hubsters. MK Flynn here with today’s Wire.

Platform investments are the theme of today’s newsletter.

Gryphon just announced a new platform this morning.

And we’ve got a Deep Dive on a recent platform from Huron Capital.

Finally, we’d love to hear from you on a wide range of topics this fall. Please see our contact info, below.

Temperature control

Gryphon Investors has launched Thermal Technology Distribution Solutions (TTDS), a platform for the distribution of industrial temperature management and related products.

To discover the strategy behind the investment, details on its first acquisition and how the new platform fits into Huron’s portfolio, upgrade to the premium version of the Wire.

Recurring revenue

Enterprise software continues to attract private equity investors, who appreciate the recurring revenue and customer retention of the business model.

PE Hub has written a lot about dealmaking in the enterprise software sector, including Obey Martin Manayiti’sfeature story on the topic earlier in the year.

Today, Rafael Cantontakes a close look at Huron Capital Partners’ newplatform investment, Enterprise Application Services, announced earlier in September.

Upgrade to the premium version of the Wire to read the story, including Rafael’s interview with Huron partner Tony Pulice.

What’s on your mind?

We’d love to hear from you, Dear Reader, about a wide array of topics this fall:

How’s your dealflow? Many PE folks predict deal activity will pick up in the fourth quarter. Are you seeing an uptick yet?

Are you encouraged by Softbank-backed Arm’s successful IPO last week? Is the IPO market reopening?

How concerned are you about the new SEC regulations? Will they affect your dealmaking?

Are the worker strikes going on in various industries, such as auto workers, screen writers and actors, affecting your portfolio, or your investment decisions?

Anything else PE deal-related you’d like to share with PE Hub readers?

For PE deals and dealmaking in North America, here’s how to reach the PE Hub team:

• Mary Kathleen (MK) Flynn, Editor-in-Chief: mk.flynn@pei.group

• Michael Schoeck, Senior Reporter: michael.s@pei.group

• Obey Martin Manayiti, Reporter: obey.m@pei.group

• Rafael Canton, Reporter: rafael.c@pei.group

• Iris Dorbian, Reporter: iris.d@pei.group

And if you’ve got news on PE deals involving targets, in Europe, here’s how to reach the PE Hub Europe team:

• Craig McGlashan, Editor: craig.m@pei.group

• Nina Lindholm, Reporter: nina.l@pei.group

• Irien Joseph, Assistant Reporter: irien.j@pei.group

On that note, I’ll sign off. Craig will be back with more tomorrow. Buyouts’ Chris Witkowsky will write to you on Wednesday. I’ll be back on Thursday, and Obey will cap off the week on Friday.

Happy dealmaking,

MK

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

Infrastructure debt appears to be defying a brutal fundraising environment, with 30 percent of respondents to Infrastructure Investor’s LP Perspectives Study 2023 planning to increase allocations over the course of the next year, more than any other infrastructure strategy.

Ford Foundation plans to focus on female-led managers when it deploys its diverse manager strategy outside of the US, according to head of mission investments Roy Swan. (New Private Markets)

Ardian, the world’s second-largest secondaries firm by fundraising, has reshuffled its senior management structure to include three secondaries professionals as part of a general management team. (Secondaries Investor)

Following an interim close, London-based manager Patron Capital Partners has raised €768 million for the seventh fund in its value-add and opportunistic fund series, according to SEC filings issued this month. (Private Equity Real Estate)