-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 kIm8yqkWKq2BlsWs3a2Vaw==

<SEC-DOCUMENT>0001464463-09-000003.txt : 20090804
<SEC-HEADER>0001464463-09-000003.hdr.sgml : 20090804
<ACCEPTANCE-DATETIME>20090804134516
ACCESSION NUMBER:		0001464463-09-000003
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090804
DATE AS OF CHANGE:		20090804
EFFECTIVENESS DATE:		20090804

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRANITE INVESTMENT GROUP
		CENTRAL INDEX KEY:			0001464463
		IRS NUMBER:				330639627
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-131567
		FILM NUMBER:		09982935

	BUSINESS ADDRESS:	
		STREET 1:		2 PARK PLAZA SUITE 800
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
		BUSINESS PHONE:		949-477-5801 X256

	MAIL ADDRESS:	
		STREET 1:		2 PARK PLAZA SUITE 800
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001464463</cik>
        <entityName>GRANITE INVESTMENT GROUP</entityName>
        <issuerAddress>
            <street1>2 PARK PLAZA SUITE 800</street1>
            <street2></street2>
            <city>IRVINE</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>92614</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>949-477-5801 X256</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>CALIFORNIA</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Allen</firstName>
                <middleName>L</middleName>
                <lastName>Boerner</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2 Park Plaza Suite 800</street1>
                <street2></street2>
                <city>Irvine</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92614</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>J</middleName>
                <lastName>Heller</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2 Park Plaza Suite 800</street1>
                <street2></street2>
                <city>Irvine</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92614</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>M</firstName>
                <middleName>Scott</middleName>
                <lastName>Rickard</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2 Park Plaza Suite 800</street1>
                <street2></street2>
                <city>Irvine</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92614</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$5,000,001 - $25,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-03-02</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isDebtType>true</isDebtType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>50000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Carolina Financial Securities</recipientName>
                <recipientCRDNumber>41970</recipientCRDNumber>
                <associatedBDName>Bruce V. Roberts</associatedBDName>
                <associatedBDCRDNumber>1489110</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>185 West Main Street</street1>
                    <street2></street2>
                    <city>Brevard</city>
                    <stateOrCountry>NC</stateOrCountry>
                    <zipCode>28712</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>AZ</state>
                    <state>AR</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DE</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>IL</state>
                    <state>KY</state>
                    <state>ME</state>
                    <state>MD</state>
                    <state>MI</state>
                    <state>NJ</state>
                    <state>NM</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>SC</state>
                    <state>TN</state>
                    <state>TX</state>
                    <state>VA</state>
                    <state>WA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Capstone Financial Group, Inc.</recipientName>
                <recipientCRDNumber>133591</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8295 242nd Street</street1>
                    <street2></street2>
                    <city>Forest Lake</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <zipCode>55025</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>OMNI Brokerage Inc.</recipientName>
                <recipientCRDNumber>16878</recipientCRDNumber>
                <associatedBDName>Gregory S. Paul</associatedBDName>
                <associatedBDCRDNumber>1300697</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>150 West Civic Center Drive #104</street1>
                    <street2></street2>
                    <city>Salt Lake City</city>
                    <stateOrCountry>UT</stateOrCountry>
                    <zipCode>84070</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Workman Securities</recipientName>
                <recipientCRDNumber>31898</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6500 City West Parkway #350</street1>
                    <street2></street2>
                    <city>Eden Prairie</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <zipCode>55344</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>GIRARD SECURITIES, INC.</recipientName>
                <recipientCRDNumber>18697</recipientCRDNumber>
                <associatedBDName>LAWRENCE CUNNINGS</associatedBDName>
                <associatedBDCRDNumber>3049204</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2516 Luciernaga Street</street1>
                    <street2></street2>
                    <city>Carlsbad</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92009</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>8500000</totalOfferingAmount>
            <totalAmountSold>5335000</totalAmountSold>
            <totalRemaining>3165000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>409000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>GRANITE INVESTMENT GROUP</issuerName>
                <signatureName>M. Scott Rickard</signatureName>
                <nameOfSigner>M. Scott Rickard</nameOfSigner>
                <signatureTitle>Chief Investment Officer</signatureTitle>
                <signatureDate>2009-08-04</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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