First close for Granite Hall Partners on fifth alternative investment vehicle

Granite Hall Partners has held a first closing of $10 million on its fifth alternative investment vehicle. The firm is seeking to raise $50 million for the fund to invest in six to eight distressed and alternative credit managers.

PRESS RELEASE

Granite Hall Partners, the Chicago-based alternative investment firm, announces today that it has held a first closing on its fifth alternative investment vehicle.

The Granite Hall Partners Credit Opportunity Fund, L.P. (Fund) had $10 Million in initial seed capital sourced from family offices and high net worth investors. The firm is seeking $50 Million for the Fund to invest in six to eight leading distressed and alternative credit managers.

The Fund has already made its first commitment to Apollo Credit Opportunity Fund III. The firm expects to raise capital for the next nine to 12 months.

About Granite Hall Partners:

Granite Hall Partners is a diversified alternatives investment firm headquartered in Chicago. Founded in 2000, the firm manages private equity, private real estate, hedge fund and distressed debt investment vehicles for institutional and high net worth investors, as well as multi- and single-family offices.