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
Compare with
| Fund vs indexes | 1Y | 3Y | 5Y | Per year since launch | Yearly volatility | Largest drop |
|---|---|---|---|---|---|---|
| Granite Credit Opportunities | +15.2% | +15.6% | — | +7.7% | 8.3% | -14.0% |
| HFRI Fund Weighted Composite(illustrative) | +4.5% fund +10.6pp | +12.1% fund +3.4pp | — | +4.8% fund +2.9pp | 3.9% | -4.0% |
| S&P 500 Total Return | +26.3% fund -11.1pp | +33.1% fund -17.5pp | — | +19.7% fund -12.0pp | 18.2% | -23.9% |
| STOXX Europe 600 | +12.7% fund +2.4pp | +20.0% fund -4.5pp | — | +11.4% fund -3.7pp | 13.7% | -20.5% |
Sources: HFRI FWC — Illustrative mock data · S&P 500 TR — Yahoo Finance (^SP500TR) · STOXX 600 — Yahoo Finance (^STOXX, price index). Index data aligned to the fund's quarter ends.
| Quarter | Quarterly return | Sharpe |
|---|---|---|
| 2022 Q1 | -5.20% | 1.45 |
| 2022 Q2 | +1.07% | 1.31 |
| 2022 Q3 | +6.36% | 1.25 |
| 2022 Q4 | +7.06% | 1.47 |
| 2023 Q1 | +7.04% | 1.22 |
| 2023 Q2 | +3.88% | 1.17 |
| 2023 Q3 | +2.55% | 1.48 |
| 2023 Q4 | +1.01% | 1.21 |
Terms
Target fund size£1.5bn
Current AUM£1.1bn
Min ticket£5m
Largest investment accepted£100m
Target net IRR11–14%
Minimum time investors must stay in2 years
Management fee1.50%
Carry / performance20%
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%