GCM Grosvenor raised $1.5 billion for Diverse Manager
CHICAGO, Feb. 11 10, 2022 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a global provider of alternative asset management solutions, today announced that it has raised $1.5 billion for various manager investment mandates in 2021. , bringing its total diversified manager assets under management (AUM) to approximately $11 billion as of December 31, 2021.
The $1.5 billion consists of approximately $500 million raised for various management mandates in real estate and $1.0 billion raised for various management mandates in private equity, including capital raised for the company’s first $770 million Advance Fund, which held its final close on December 30, 2021. A total of 55 institutional investors committed to various management mandates in 2021, of which 43 were new investors at GCM Grosvenor. GCM Grosvenor has invested with various managers since 2002.
“We are thrilled to see significant flows of capital dedicated to investing with women and underrepresented minorities in the space of alternative investing,” said Michael Sacks, Chief Executive Officer of GCM Grosvenor. “The interest in investment strategies and through our first specialty fund and personalized separate accounts demonstrates that investors are recognizing this high-quality investment opportunity that has been overlooked for far too long.”
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global provider of alternative asset management solutions with approximately $70 billion in assets under management across private equity, infrastructure, real estate, credit and investment strategies. absolute return. The firm has specialized in alternatives for over 50 years and is dedicated to delivering value to its clients by leveraging its versatile and flexible investment platform.
GCM Grosvenor’s experienced team of approximately 520 professionals serves a global clientele of institutional and high net worth investors. The company is headquartered in Chicago with offices in New York, Los Angeles, Toronto, London, Frankfurt, Tokyo, Hong Kong and Seoul. For more information, visit: gcmgrosvenor.com.
Investing with impact is one of GCM Grosvenor’s core values. Learn more by reading the firm’s 2021 Impact Report: https://www.gcmgrosvenor.com/impact-report.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, ” estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including, without limitation, the historical performance of GCM Grosvenor’s funds may not be indicative of future results of GCM Grosvenor; risks related to redemptions and termination of commitments; effect of the COVID-19 pandemic on the business of GCM Grosvenor; the variable nature of GCM Grosvenor’s revenues; competition in the industry of GCM Grosvenor; the effects of government regulation or compliance failures; market, geopolitical and economic conditions; identification and availability of suitable investment opportunities; risks related to our internal control over financial reporting; and risks relating to the performance of GCM Grosvenor’s investments. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” sections of the Annual Report on Form 10-K/A filed by GCM Grosvenor Inc. on May 10, 2021 and its other filings in the States. -United. Security and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and GCM Grosvenor undertakes no obligation and does not intend to update or revise such forward-looking statements, whether as a result of new information , future events or otherwise, except as required by law.
Source: GCM Grosvenor