# Granite Partners

> Granite Partners is an SEC-registered investment advisory firm in St. Cloud, MN, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 158378
- Filed as: GRANITE PARTNERS
- Legal name: Granite Equity Partners LLC
- Also doing business as: GRANITE PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Cloud, MN
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158378
- AdvisorCensus page: https://advisorcensus.com/firm/granite-partners-st-cloud-mn-158378

## Quick answers

**How is Granite Partners compensated?**
On its Form ADV (Item 5.E, October 2026), Granite Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Granite Partners located?**
Granite Partners' principal office is in St. Cloud, MN, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Granite Partners registered with the SEC or a state?**
Granite Partners is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 158378.

**How much does Granite Partners manage?**
Granite Partners reports $1,885,970,369 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Granite Partners' assets and staff changed since 2021?**
In the Form ADV data for Granite Partners: Regulatory assets under management: $815,927,816 in the October 2021 data and $1,885,970,369 in the October 2026 data, up 131%. Total employees: 16 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Granite Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Granite Partners report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158378

**What changed in Granite Partners' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,563,634,259 to $1,885,970,369 (+21%). No longer lists an office in Northfield, MN.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $1,885,970,369
- Discretionary: $1,885,970,369
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $1,885,970,369 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 34 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- St. Louis Park, MN

### Websites listed on Form ADV (Item 1.I)
- granite.com
- LinkedIn @GRANITEPARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $815,927,816 | 16 | March 30, 2021 |
| October 2022 | $1,025,254,982 | 23 | March 23, 2022 |
| October 2023 | $1,236,293,912 | 29 | March 29, 2023 |
| October 2024 | $1,382,338,954 | 30 | March 29, 2024 |
| October 2025 | $1,563,634,259 | 32 | July 15, 2025 |
| October 2026 | $1,885,970,369 | 34 | March 31, 2026 |

Regulatory assets under management: $815,927,816 in the October 2021 data and $1,885,970,369 in the October 2026 data, up 131%.
Total employees: 16 in October 2021 and 34 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,563,634,259 to $1,885,970,369 (+21%).
- No longer lists an office in Northfield, MN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Granite Partners (CRD 158378): Form ADV filing data as of October 2026.