Overview
                                    
                                    
                                        
                                            Graycliff Partners LP (the "Firm") is a limited partnership organized under the laws of 
the State of Delaware, with its primary place of business in New York City.  The Firm 
commenced its operations in 2011.  The Firm identifies  investment opportunities and 
participates in the acquisition, monitoring and disposition of its investments. The Firm 
currently  provides  investment advisory services primarily on a sub-advisory basis for 
managed accounts and pooled investment vehicles.  The Firm also provides investment 
advisory services for private limited partnerships and other pooled investment vehicles 
for which it serves as investment adviser, general partner or in a similar capacity.   
As of December 31st,  2023, the Firm manages  $2,425,227,725  across five principal 
strategies  with  $224,126,358  managed on a non-discretionary basis and 
$2,201,101,367  on a discretionary basis.  The first and second types of investments 
focus on direct equity and mezzanine investments, respectively, primarily  in  lower 
middle market companies  in the U.S.  The third type focuses on Latin American 
investments in direct equity transactions. The fourth type involves fund of funds 
investments
                                        
                                        
                                             in U.S. and Latin American based private equity funds, and the last type 
involves mezzanine and equity investments in U.S. real estate.  
The principal direct owner of the Firm is its general partner, Graycliff Partners GP LLC, 
and the principal indirect owners of the Firm are Andrew Trigg, Duke Punhong, Brandon 
Martindale, Stephen Hindmarch and Steven Schaefer. 
The Firm will tailor its advisory services to the individual needs of its clients, which are 
pooled investment vehicles and banks and other financial institutions.  It will make and 
manage each investment in accordance with the purposes, terms, restrictions and 
limitations set forth in the governing documents of, or advisory agreement with, each of 
its clients, as applicable.  Each client's governing documents, or advisory agreement, as 
applicable, may contain certain restrictions on the types of investments that may be 
made.  For clients that are pooled investment vehicles, the needs of individual investors 
in the clients is not the basis of investment decisions by the Firm. Investment advice is 
provided directly to the clients that are pooled investment vehicles, and not to individual 
investors in the clients.