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  • October 2019
  • Teaching Note
  • HBS Case Collection

Granite Equity Partners

By: Victoria Ivashina and Terrence Shu
  • Format:Print
  • | Language:English
  • | Pages:9
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Abstract

This teaching note accompanies HBS case 219-040, “Granite Equity Partners,” which follows the private equity firm as it evaluates the potential acquisition of Tyrell Corp., a Minnesota-based quality control biomaterials company. Granite Equity’s fund was different from most other private equity funds in that it had a perpetual, or “evergreen,” structure, meaning it invested in assets without a defined holding period. The case and teaching note describe the unique aspects of perpetual funds, their advantages and disadvantages compared to traditional, finite-life funds, and their impact to liquidity and returns.

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; Minnesota; United States

Citation

Ivashina, Victoria, and Terrence Shu. "Granite Equity Partners." Harvard Business School Teaching Note 820-062, October 2019.
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About The Author

Victoria Ivashina

Finance
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Related Work

    • October 2019
    • Faculty Research

    Granite Equity Compounding Returns Calculations

    By: Victoria Ivashina and Terrence Shu
Related Work
  • Granite Equity Compounding Returns Calculations By: Victoria Ivashina and Terrence Shu
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