Database/Granite Credit Opportunities
HedgeF014 · Vintage 2018Open

Granite Credit Opportunities

Granite Credit Partners

Stressed and opportunistic credit, with a focus on European mid-market and US TMT high-yield.

CreditOpportunistic / Stressed CreditUSEuropeArticle 6
Performance · since fund launch

Cumulative net return

31.9%
since inception · +4.2pp vs benchmark
-20%0%20%40%60%2020 Q12020 Q32021 Q12021 Q32022 Q12022 Q32023 Q12023 Q32023 Q4
QuarterQuarterly returnSharpevs bench (pp)
2022 Q1-5.5%1.45-5.99
2022 Q2+1.1%1.31+0.41
2022 Q3+6.4%1.25+5.75
2022 Q4+7.5%1.47+5.69
2023 Q1+8.1%1.22+7.20
2023 Q2+4.8%1.17+4.04
2023 Q3+3.3%1.48+2.79
2023 Q4+1.3%1.21-0.72

Terms

Target fund size£1.5bn
Current AUM£1.1bn
Min ticket£5m
Max ticket£100m
Target net IRR11–14%
Lock-up2 years
Management fee1.50%
Carry / performance20%
BenchmarkHFRI Credit Index
ESG / SFDRArticle 6
Liquidity

Semi-annual liquidity with 90-day notice. 2-year hard lock.

Investment highlights

  • Outperformed in 2022 credit drawdown

Top 5 holdings

Largest positions · % of fund · simulated
  • Highgate Realty16.7%
  • Driftwood Media11.1%
  • Junction Foods7.7%
  • Cobalt Pharma7.0%
  • Crestline Auto6.5%