Peter Petrillo
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Hey Peter — similar PE background (IB → growth equity on my end). been thinking a lot about lower middle-market origination lately. would be good to connect.
Hey Peter, similar PE background — though I was in London at Greenhill & Treis not in New York doing lower middle-market buyouts like you. origination was always the same story for me — clear thesis, decent relationships, but no proprietary system of record. the people, tools and ideas were never really connected. every deal virtually sourced from scratch, nothing compounding over time. curious if that's still how most funds operate or if I'm behind the times? — Russ
Hey Peter, looks like we share a similar PE background, though I was in London doing growth equity deals not in New York buying and building lower middle-market platforms like you. the pattern I keep seeing with most funds is weirdly consistent — strong thesis, solid network, but no proprietary system of record. the people, tools and ideas are never really connected. every deal virtually sourced from scratch, nothing compounds on itself. curious if that resonates or if you've built something different at Granite Bridge? — Russ
hey Peter — no worries if the timing's off. most funds I talk to have tried some version of building origination in-house — analyst pulling from Pitchbook or Grata, maybe using ChatGPT to help qualify, dumping it into a spreadsheet. each piece kind of works, but there's no system of record tying it together. the people, tools and ideas are all disconnected, so there's tonnes of wasted energy and everything ends up out of sync. been helping a few funds like Mentmore work through that. curious if you've run into the same thing at Granite Bridge? — Russ
totally get it if origination infrastructure isn't top of mind right now — most funds have 10 things ahead of it on the priority list. the funds I've seen crack it early just tend to compound deal flow in a way that's hard to replicate later. if it ever moves up the list, I'm easy to find. — Russ
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Peter — We've been building proprietary deal sourcing systems for funds deploying into the lower middle market — consumer products, services, and light manufacturing. similar enough to what Granite Bridge is doing that I thought it made sense to reach out. also, incidentally, we share a similar-ish path — I spent time in PE doing direct investment into B2B service and manufacturing businesses (at a 300m euro fund in London) before building SearchLoop to solve my own sourcing problem. One of our clients, Backer Group, uses a custom system we built to source and engage founders of service and light manufacturing businesses. it scores targets on owner readiness and acquisition fit, pulls contact info, and runs personalized outreach across email, LinkedIn, and even personalized letters — all integrated live with their CRM. They're a small team, so the system keeps origination humming while they focus on deals and portfolio. Another client, Mentmore Capital, uses a geographic mapping layer we built on top of Companies House and Google Maps data to find targets in niche industrial verticals — useful when you're looking at fragmented sectors. Given we've already built out this infrastructure for funds with a similar profile to yours, I wondered if you wanted to take a look under the hood? Fairly free this week and next, just let me know a time that suits. very best, Russell searchloop.ai linkedin.com/in/russellt23
Prospect Research
## PROSPECT INFORMATION: Name: Peter Petrillo Title: Managing Partner Fund: Granite Bridge Partners LLC Background: Peter Petrillo is the Managing Partner at Granite Bridge Partners LLC, a private equity firm based in New York. He has over 30 years of experience in the private equity sector, specifically focusing on investment strategy, company growth, and value creation. He has held his current leadership role since July 2018. His professional background is defined by a 23-year tenure (1995–2018) at Wafra Partners LLC, where he served as Senior Managing Director, and a simultaneous role as Executive Vice President at Wafra Investment Advisory Group. His expertise lies in aligning strategic investments with long-term organizational goals and delivering financial solutions for business empowerment. Peter holds an M.B.A. in Finance from New York University (1987–1989) and a B.S. in Accounting from the University at Albany (1978–1982). His primary skill, endorsed by many in his network, is Private Equity. Posts: No post data available. Fund details: - Description: OVERVIEW Middle-market private equity firm that seeks to partner with and invest in management teams and their companies. Granite Bridge Partners LLC purchases control positions in companies with strong continuing management, high upside, discernible value and acquisition-led and organic growth drivers. At Granite Bridge, we differentiate with patient capital, certainty to close, and our team’s extensive experience in lower middle-market private equity. GUIDING PRINCIPLES - Success demands operating with the highest level of integrity - Open communications and shared understanding are critical to effective partnerships - The ability to “Get Things Done” is a required core competency INVESTMENT CONSIDERATIONS When considering a specific investment opportunity, the most important criteria are: - Strong and committed management team with significant ownership opportunities post-closing - Leadership position in technology, product line, cost position or distribution channel - Growth opportunities, internal or by acquisition - Diversity of products/services, customers, markets and suppliers TRANSACTION PARAMETERS Industries: Consumer products and services, Business services & Niche manufacturing Investment Amount: $10 - $30mm of equity per transaction Company Size: Revenues over $10mm and EBITDA over $2mm Transaction Size: Enterprise value between $10 - $100mm Types: Control Acquisitions & Recapitalizations, Expansion Financings, Industry Consolidations and Corporate Divestitures TEAM Granite Bridge Partners is a consensus-driven and results-oriented private equity firm comprised of financial professionals with decades of investing experience and strong relationships across the lower middle-market ecosystem. The partners have widely varied backgrounds in private equity, strategy consulting, investment banking and lending and are supplemented by outside directors and operating executives with relevant industry experience. - Website: https://www.granitebridge.com - Location: New York, New York, United States - Lead qualification: Research: - Query: =Granite Bridge Partners LLC Peter Petrillo recent investments fund thesis - Answer: Granite Bridge Partners LLC's Managing Partner, Peter Petrillo, focuses on middle-market private equity investments in industries like outsourced business services and healthcare. The firm targets transactions between $10-$30 million.