Granite Creek Capital Partners, L.L.C., a Chicago, IL-based private investment firm, closed a $200m fund.
FlexCap II focus on providing equity and debt capital to lower middle market companies. Granite Creek expects to invest in 15-20 companies engaged in manufacturing, business services, healthcare and agribusiness.
FlexCap II will invest $10 million to $20 million per transaction.
Founded in 2005 by Mark Radzik, Biran B. Boorstein, Peter G. Lehman, and James F. Clark, Granite Creek Capital Partners has a total of over $400m of assets under management across its strategies. The firm’s prior corporate investment fund (FlexCap I), a top decile performing fund, had $85 million of assets under management. FlexCap I fund included a diverse portfolio of 19 companies, including: SMS Assist, Symphonix Health Insurance, Weld Racing, Cyalume Technologies, Bio-Engineered Supplements and Nutrition (BSN) and Big Joe Forklifts.
In addition to providing funding to lower middle market companies, in 2011, Granite Creek co-founded Renovo Financial, a private lender serving real estate entrepreneurs.