Granite Creek Capital Partners (Granite Creek), a private investment firm based in Chicago, has held the oversubscribed closing of its third investment fund, Granite Creek FlexCap III, a $300m vehicle focused on providing flexible capital to growing lower middle market companies.
With the FlexCap III fund, Granite Creek plans to invest in 15 to 20 companies. To date, Fund III has invested in Salem One – a provider of corporate communication solutions, including direct marketing, packaging, and logistics services – and Pinstripes, a collection of entertainment and dining venues that attracts corporate events, weddings and other gatherings.
Granite Creek began fundraising for the FlexCap III fund in 2022 with an initial target of $250m in total commitments. With the close of FlexCap III Fund, Granite Creek has over $700m of assets under management across its strategies.
