Publications
Publications
- September 2018
- HBS Case Collection
Granite Equity Partners
By: Victoria Ivashina and Jeffrey Boyar
Abstract
This case follows Rick Bauerly, CEO of Minnesota-based Granite Equity Partners, a private equity firm that specialized in buying out retiring business owners in the Minnesota community. In 2007, Granite Equity was considering an investment in Tyrell Corp. (name disguised), a manufacturer and distributor of microorganisms used by labs in the healthcare, food and beverage, cosmetics, and water industries. Granite Equity had a unique value proposition aimed at maximizing the generational wealth of retiring business owners by offering tax-deferred “units” in its unique evergreen fund structure. This case demonstrates some of the benefits and drawbacks of evergreen funds as compared to traditional fund structures.
Keywords
Private Equity Exit; Investing; Fund Exit; Fund Management; Wealth Management; Liquidity; Buyout; Exit Strategy; Preferred Shares; Convertible Notes; Finance; Private Equity; Investment; Asset Management; Wealth; Management; Financial Liquidity
Citation
Ivashina, Victoria, and Jeffrey Boyar. "Granite Equity Partners." Harvard Business School Case 219-040, September 2018.