New York-based investment firm Grays Peak Capital (GPC) has launched a private credit fund aimed at providing strategic capital to the government and defence ecosystem in North America.
Grays Peak Private Credit II is the firm’s second fund and will focus on short-duration and senior secured lending to government contractors and “mission-critical counterparties”, the firm said.
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The fund will deploy up to $500m (£372m) annually in direct-lending exposure to private fixed income investments, targeting government and military middle-market companies and joint ventures. GPC said the fund has secured initial commitments from multiple strategic asset managers groups and parties who invested in its previous fund.
“Payment dynamics in government contracting can create predictable but uneven cash flows; our platform is built to bridge those timing gaps with secured structured capital,” said Scott Stevens, founder and chief executive of GPC.
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“By leveraging our research capabilities, technology-enabled investment platform, and risk management framework, we will offer investors highly differentiated private credit solutions at a time of growing demand.”
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