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 vintage

Cumulative net return

31.9%
+4.2pp vs benchmark
QuarterCum returnSharpevs bench (pp)
2022 Q1-0.5%1.45-5.99
2022 Q20.6%1.31+0.41
2022 Q37.0%1.25+5.75
2022 Q414.5%1.47+5.69
2023 Q122.6%1.22+7.20
2023 Q227.3%1.17+4.04
2023 Q330.6%1.48+2.79
2023 Q431.9%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%