Grey Mountain Closes Fund II

Grey Mountain Partners has closed its second fund, Grey Mountain Partners Fund II, on $224 million in commitments, just shy of its $250 million target. The firm began fundraising for Fund II in March 2009. Grey Mountain was legally advised by Proskauer Rose on the fund, while Helix Associates, a division of Jefferies & Company, and Harken Capital Advisers served as its placement agents.