May 22, 2019
Private-equity firm Granite Creek raises $200 million (Crain's)
Chicago private-equity firm Granite Creek Capital Partners, an early investor in fast-growing Chicago-based SMS Assist, said it closed this week on its second investment fund after raising $200 million.
The firm has already made two investments with the new fund, said co-founder Mark Radzik, though he declined to be more specific. Overall, the firm now has $400 million in assets under management. Granite Creek, founded in 2005, invests in manufacturing, agribusiness, health care and business services companies in the lower middle market. Typically, the firm makes equity investments of between $10 million and $20 million, but also sometimes extends credit to companies. It will take majority or minority stakes.