Gryphon Investors Majority Growth Recapitalizes phData

Gryphon Investors Completes Majority Growth Recapitalization of Fortreum

January 7, 2026

Cybersecurity

Gryphon Investors has completed a majority growth recapitalization of Fortreum, a Lansdowne, Virginia-based cybersecurity services firm specializing in compliance, audit, and technical testing including FedRAMP, CMMC, ISO, PCI, and SOC. The investment will fund expansion of Fortreum's offerings and accelerate development and adoption of its XRAMP continuous validation platform and AI-enabled capabilities; company founders will retain a significant equity stake. Financial terms were not disclosed.

Gryphon Investors Majority Investment in 3Cloud

July 1, 2020

IT Services

Gryphon Investors completed a majority investment in 3Cloud, a Microsoft Azure-focused cloud consulting and managed services firm, with 3Cloud's founders and management retaining significant ownership. The investment will support 3Cloud's organic growth and add-on acquisition strategy; financial terms were not disclosed.

Gryphon Investors Completes Majority Investment in Rootstock Software

August 1, 2022

Cloud & SaaS

Gryphon Investors has made a majority investment in Rootstock Software, a San Ramon–based provider of cloud ERP built on the Salesforce Platform. Salesforce Ventures and Rootstock's management team also reinvested alongside Gryphon to support product development and accelerated growth in manufacturing, distribution, and supply chain markets.

Gryphon Investors Makes Majority Growth Investment in Caylent

February 28, 2023

Cloud & SaaS

Gryphon Investors has made a majority growth investment in Caylent, a cloud-native AWS-focused services firm, to support the company’s capability expansion and go-to-market scale. East Los Capital exited its prior stake while Caylent’s management and Executive Chairman retained significant equity; financial terms were not disclosed.

Parthenon Capital Recapitalizes Smart Data Solutions with Investment from Blue Venture Fund

October 4, 2021

Healthcare Services

Parthenon Capital completed a recapitalization of Smart Data Solutions (SDS), a provider of payer-focused claims automation, workflow and data management solutions. The Blue Venture Fund, representing 35 Blue Cross Blue Shield plans, also invested to support SDS's growth, product innovation and strategic acquisitions; terms were not disclosed.

Guardian Capital Partners and EA Advisors Complete Majority Recapitalization of Raptor Power Systems

November 20, 2025

Manufacturing

Guardian Capital Partners, alongside co-investor EA Advisors, completed a majority recapitalization of Raptor Power Systems to support the manufacturer’s next phase of growth. The transaction partners Guardian and EAA with Raptor’s founding family (Peter and Evan El Koury) to expand capacity and serve growing demand from data centers and other mission-critical end markets.