GHP Funds

SVP I

SVP I, the debut fund for the firm, closed in December 2002 and invested with four highly successful leveraged buyout funds. SVP I is diversified by sector and geography.

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SVP II

SVP II is a leveraged buyout fund of funds which closed in December 2006. SVP II represents a continuation of the successful strategy utilized by the predecessor fund, primarily investing with large, top tier LBO and growth equity firms. SVP II is diversified by sector and geography.

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SVP RE I

SVP Real Estate I, LP ("SVP RE I"), closed in February 2008, is a private real estate fund of funds. As with SVP I & II, SVP RE I received allocations with historically successful, highly sought after underlying fund managers who pursue compelling investment strategies. The fund is diversified by sector (Office, Hotel, Industrial/Warehouse, Retail and Residential) and geography (U.S., Europe, and Asia/Pacific).

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GHP COF

The GHP Credit Opportunity Fund (“GHP COF”) is a fund of alternative credit and distressed debt funds that is being raised and invested to pursue two specific investment themes: (1) the de-leveraging of European Banks, and (2) the potential for a distressed cycle in U.S. High Yield Credit. GHP COF will pursue complex liquid and illiquid credit opportunities in the U.S. and Europe.

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GHP Library

Carl Icahn Says ‘Junk’ Bond Market in a Bubble

Posted on by Granite Hall Partners
 Oct 21 (Reuters) – Billionaire activist investor Carl Icahn said on Tuesday he thinks the high-yield “junk” bond market is still in a bubble despite the asset class’s recent selloff.

“I think the high-yield market is in a bubble,” Icahn told CNBC television. “We do a very arcane product, we buy the CDS (credit default swaps), the insurance, and we buy the CDS on the high-yield versus the Treasuries – the five-year Treasuries. It doesn’t mean I’m right; in fact I’m losing money on it right now. But I think that that is a no-brainer also.”

High-yield corporate bond spreads widened out to 5.08 percentage points over comparable U.S. Treasuries last week, up from a modest 3.35 percentage points as recently as June. (Reporting by Jennifer Ablan and Sam Forgione)

Article Source: www.reuters.com

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