a core Investment philosophy across multiple categories
We create investment vehicles if and when the market opportunity presents the potential for outsized returns. We believe that the relative attractiveness of certain sectors of the alternative investment universe (private equity, private real estate, private debt and venture capital) ebb and flow depending on underlying macroeconomic conditions. Accordingly, investment opportunities are proffered only when their return drivers can be clearly understood and capitalized upon.
One of our primary roles is to identify and gain access to the best alternative investment firms and partnerships in the world. By definition, “the best” cannot equal “many”, and, as such, we intentionally allocate capital to fewer managers than many of our competitors. We believe that the majority of multi-manager offerings are over-diversified, reducing the possibility of outsized returns relative to a benchmark.
Significant investment errors are made by investors who flock to overly popular asset classes. The flow of funds itself can worsen investment outcomes. Granite Hall Partners prefers the unloved asset in the hands of an expert manager.