During 2009, Greenhill announced its separation from its historical merchant banking business in order to focus entirely on the client advisory business. Specifically, the Firm sold to senior members of the existing investment team, the right to launch successor funds to its three current merchant banking funds.
The existing funds will continue to be managed by the current investment team, which will remain Greenhill employees until transitioned to a new, independent entity, which will be known as GCP Capital Partners ("GCP"). Greenhill will retain its portfolio of principal investments and seek to realize the value thereof over time.
Greenhill Capital Partners Europe (“GCP Europe”) was founded in 2007 and currently manages a private equity fund of £191 million in capital. Over 35% of the capital came from Greenhill and its employees. GCP Europe focuses primarily on private equity and equity-related investments in a wide range of sectors in the United Kingdom and Europe. GCP Europe generally makes controlling or influential minority investments of up to £40 million in companies with enterprise values of £20 million to £100 million.
