RIA Granite Harbor Launches Private Fund

Core Insights - The increasing demand for private market exposure among individual investors has prompted Granite Harbor Advisors to launch its own asset management division, Granite Harbor Capital, which will manage private funds [2][3] Group 1: Fund Launch and Structure - Granite Harbor Capital has launched Mariner Fund I, a closed-end fund focusing on private equity operating companies and commercial real estate, with an initial target of $50 million [2][4] - The fund will primarily invest in the Midwest, targeting sectors such as multifamily and industrial real estate, manufacturing, infrastructure support, and logistics [4] - The minimum investment requirement for Mariner Fund I is set at $250,000, and it aims for mid-teen internal rate of return (IRR) over a three- to five-year period, with a total fund life of 10 years [4] Group 2: Client Engagement and Marketing Strategy - Granite Harbor's existing clients will benefit from integrated private market allocations within their broader wealth management strategies, enhancing due diligence and cash flow management [6] - The firm has already secured nearly $3 million in commitments within the first day of the fund's launch and anticipates reaching its $50 million target quickly [6] - Marketing efforts for Mariner Fund I include direct outreach, targeted digital communications, educational webinars, and small in-person events in key markets like Houston and Milwaukee [6]