Granite Harbor Capital has launched its first private markets opportunity fund, as the demand for private assets exposure continues to grow among investors. 

The new fund, dubbed Mariner Fund I, is designed to give “qualified” investors access to institutional-quality private equity, real estate, and private credit opportunities, the firm said. 

Mariner Fund I will be led by Derek Taylor, who recently joined Granite Harbor Capital as managing partner, to oversee Granite Harbor’s private markets division. 

“Clients are demanding better access, clearer oversight, and more strategic integration of private markets into their broader wealth plans,” Brian Sak, managing partner at Granite Harbor, said. “Mariner Fund I reflects our commitment not only to sourcing compelling private opportunities, but to bringing the governance, transparency, and alignment that investors expect from an RIA-led platform.” 

The fund also provides “diversified” exposure to a portfolio across private equity operating businesses, commercial real estate, and private credit. Investors will also gain access to off-market and co-investment opportunities that are available on traditional RIA or broker-dealer platforms. 

Many firms have been adding private market offerings to their products, as the demand for private asset exposure grows rapidly. 

In 2024, semiliquid fund assets increased to $344 billion, which is an increase of 60% from $215 billion, which was reported in 2022, according to Morningstar. 

Private credit surpassed real estate and infrastructure as the largest semiliquid broad asset class with $188 billion in net assets at the end of last year, up from $75 billion that was reported about three years ago.