Granite Creek Capital surpasses $250m target with $300m Fund III

Chicago-based private investment firm, Granite Creek Capital Partners, recently celebrated the oversubscribed closing of its third investment fund, Granite Creek FlexCap III. The fund, totaling $300 million, is strategically designed to offer flexible capital solutions to flourishing lower middle market companies.

Granite Creek's ambitious plan involves investing in 15 to 20 companies, and they've already made notable investments in Salem One—a leading provider of corporate communication solutions—and Pinstripes, a popular collection of entertainment and dining venues.

The FlexCap III fund, initially aiming for $250 million in commitments when fundraising commenced in 2022, surpassed expectations, highlighting the robust investor confidence in Granite Creek's investment strategies. Notably, this successful fund closing elevates Granite Creek's total assets under management to an impressive $700 million across its diverse range of investment strategies.