Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, announced that it has promoted Will Henderson and Duke Punhong to Managing Director.

Mr. Henderson joined Graycliff’s predecessor, HSBC Capital, in 2006 from MidMark Capital, a middle-market private equity firm, and prior to MidMark was a banker in the Mergers & Acquisitions group at Bear, Stearns & Co. Inc. Mr. Henderson has led a number of portfolio investments for Graycliff and currently serves on the board of several portfolio companies.

Mr. Punhong joined in 2004 from Cornerstone Equity Investors, a middle-market private equity firm, and prior to Cornerstone was a banker in the Financial Sponsors group at Bear, Stearns & Co. Inc. Mr. Punhong has led a number of portfolio investments for Graycliff and currently serves on the board of several portfolio companies.

About Graycliff Partners LP

Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, dividend recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.