Lion/Griffon Investors SBS, L.P.

The absence of prior EDGAR filings from this manager indicates this is either a first-time PE fund or a manager previously operating below the $150M threshold, and the dual GP structure with 06b exemption use suggests a partnership-based operation focused on sourcing capital through direct relationships rather than broad placement agent networks.

A May 2026 filing for a placeholder vehicle is consistent with managers beginning formal fundraising cycles in spring to close commitments by year-end, capitalizing on LP budget cycles and positioning the fund for deployment as market conditions and portfolio construction unfold in 2027.

Before committing, verify whether Barton and Nicolle have prior PE operating experience at other firms—the absence of EDGAR history means no public paper trail on their track record, and confirm the actual target size when disclosed, since placeholder filings occasionally signal a fund that never reaches material close.