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Granite Equity Partners, Teaching Note

Reference: HBS-820062-E
Number of pages: 9
Geographic Setting: Minnesota;United States
Publication Date: Oct 4, 2019
Source: HBSP (USA)
Type of Document: Teaching Note

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Description

This teaching note accompanies HBS case 219040, "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

Asset management Exit strategy Finance Investments Liquidity Management buyouts Private equity