We have been operating Cranwood since 2008, primarily as a sponsor of investment funds. Since that time, Cranwood has been a member firm of the Chicago Board of Trade. Cranwood was the sponsor of several interest rate-arbitrage funds from 2008-2017 in the United States and around the world, raising over $130,000,000 to trade Pete’s strategy in yield curve spreads. Since 2017, Cranwood has been a proprietary trading firm and has remained a member firm of the Chicago Board of Trade.

From 2015-2019, Cranwood owned part of the GP of Alpha Lab Enhanced Income Fund LP, which was a hybrid vehicle investing in real estate loans on properties developed by Waterfront Group in North Carolina. We participated in the development of raw land as well as the ownership and sale of leased property, all in North Carolina.

Pete Powers, CEO, and Cranwood have been recognized as the top-performing trader and manager by major industry publications several times. Pete has also been a guest speaker/panelist at industry conferences in the US and Europe.

Pete graduated from Coastal Carolina University in 1990 with a Bachelor of Science degree in Finance. His association with Waterfront Group allowed Cranwood to procure the subject land and obtain the necessary entitlements while forming a meaningful relationship with Brunswick Senior Resources, Inc.in the process.