Source: WSJ PRO, By Luis Garcia
The firm scents opportunity in reduced asset prices as more businesses turn to minority deals over outright sales.
Granite Creek Capital Partners has raised $300 million to back midsize companies with minority growth investments as the private-equity firm looks to prosper from a time when many business owners are reluctant to sell outright.
Chicago-based Granite Creek said it wrapped up its third fund above the $250 million goal set when it began seeking commitments to the vehicle last year. Founded in 2005, the firm raised 50% more than the $200 million it collected for a predecessor fund that closed in 2019.