Grays Peak Capital (GPC), a New York-based global investment firm, launched its second fund, Grays Peak Private Credit II (GPPC GovCon), a private credit vehicle designed to provide strategic capital to the government and defense ecosystem in North America.
The fund has secured initial commitments from Fund I investors and multiple strategic asset managers groups and plans to deploy up to $500 million annually in government and military middle-market companies, joint ventures and value-add opportunities. With a focus on current income, GPPC GovCon will target quarterly distributions and provide enhanced liquidity options for investors.
GPPC Fund II will focus on short-duration, senior secured lending to government contractors and mission-critical counterparties, emphasizing strong collateral coverage, leveraging GPC’s data science / AI-driven analytics and real-time monitoring platform to underwrite, structure, price and manage risk across its portfolio.
“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,” Scott Stevens, founder and CEO of Grays Peak Capital, said. “Fund II combines government-linked collateral frameworks with rigorous, technology-enabled underwriting to deliver attractive risk-adjusted outcomes for our investors while solving urgent working-capital needs for high-quality counterparties.”
Scott Stevens, founder and CEO of Grays Peak, said, “Grays Peak Private Credit II aims to deliver portfolios that maximize current income and total return through direct-lending exposure to private fixed income investments. Investors remain under-allocated to alternatives, and the strong initial fundraise for GPPC demonstrates the pent-up demand for innovative private credit strategies. 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.”
