GCM Grosvenor Raised $1.5 Billion for Diverse Manager Investment Mandates in 2021, Increasing its Diverse Manager AUM to Approximately $11 Billion

Rhea-AI Summary

On February 11, 2022, GCM Grosvenor (Nasdaq: GCMG) announced it raised $1.5 billion for diverse manager investment mandates in 2021, totaling approximately $11 billion in AUM by year-end. The $1.5 billion includes $500 million for Real Estate and $1 billion for Private Equity, with a notable $770 million for its inaugural Advance Fund. A total of 55 institutional investors participated, including 43 new commitments. GCM Grosvenor has focused on diverse managers since 2002, highlighting the growing interest in investing with women and minorities.

Positive

• Raised $1.5 billion for diverse manager investment mandates in 2021.
• Total diverse manager AUM reached approximately $11 billion.
• Significant commitments from 55 institutional investors, including 43 new investors.
• First specialized fund raised a notable $770 million.

Negative

• None.

CHICAGO, Feb. 11, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it raised $1.5 billion for diverse manager investment mandates in 2021, bringing its total diverse 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 diverse manager mandates in Real Estate and $1.0 billion raised for diverse manager mandates in Private Equity, including capital raised for the firm’s $770 million inaugural Advance Fund, which held its final closing on December 30, 2021. A total of 55 institutional investors made commitments to diverse manager mandates in 2021, 43 of which were new investors to GCM Grosvenor. GCM Grosvenor has invested with diverse managers since 2002.

“We are pleased to see significant capital flows dedicated to investing with women and underrepresented minorities in the alternative investment arena,” said Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor. “The interest across investment strategies and through both our first specialized fund and our custom separate accounts demonstrates that investors are recognizing this high-quality investment opportunity that has been overlooked for too long.”

About GCM Grosvenor

GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $70 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform.

GCM Grosvenor’s experienced team of approximately 520 professionals serves a global client base of institutional and high net worth investors. The firm 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 an 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.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are 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, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including without limitation, the historical performance of GCM Grosvenor's funds may not be indicative of GCM Grosvenor's future results; risks related to redemptions and termination of engagements; effect of the COVID-19 pandemic on GCM Grosvenor's business; the variable nature of GCM Grosvenor's revenues; competition in GCM Grosvenor's industry; effects of government regulation or compliance failures; market, geopolitical and economic conditions; identification and availability of suitable investment opportunities; risks relating to our internal control over financial reporting; and risks related 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 with the U.S. Securities 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 put undue reliance on forward-looking statements, and GCM Grosvenor assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Source: GCM Grosvenor

Media Contact
Tom Johnson and Will Braun
Abernathy MacGregor
tbj@abmac.com / whb@abmac.com 
212-371-5999

FAQ

What was GCMG's funding amount for diverse manager mandates in 2021?

GCM Grosvenor raised $1.5 billion for diverse manager mandates in 2021.

How much total AUM does GCMG have as of December 31, 2021?

GCM Grosvenor's total diverse manager AUM reached approximately $11 billion as of December 31, 2021.

What types of investment mandates did GCMG raise funds for in 2021?

GCM Grosvenor raised funds for Real Estate and Private Equity diverse manager mandates.

How many institutional investors committed to GCMG's diverse manager mandates in 2021?

A total of 55 institutional investors made commitments to diverse manager mandates in 2021.

What was the amount raised for GCMG's inaugural Advance Fund?

The inaugural Advance Fund raised $770 million, holding its final closing on December 30, 2021.