Graycliff Partners is an independent investment firm focused on middle market private equity, mezzanine and real estate investments in the United States and Latin America. Graycliff Partners LP, a Delaware limited partnership, is an SEC-registered investment advisor under the U.S. Investment Advisors Act of 1940, as amended. Since 1991, Graycliff, previously operating as HSBC Capital, has invested over $1 billion and completed in excess of 80 transactions. Typical investments are made in the amount of $5 to $25 million in companies with revenues of at least $10 million and an EBITDA margin of 10% or higher.