GCM Grosvenor Raises $500 Million to Invest in Alternative Strategies as Part of GCM Grosvenor Insurance Solutions

Rhea-AI Summary

GCM Grosvenor (Nasdaq: GCMG) has successfully closed a $500 million structured alternatives investment fund. This fund will target alternative strategies such as private equity, infrastructure, absolute return strategies, and alternative credit. The fundraising was spearheaded by GCM Grosvenor Insurance Solutions, which aims to deliver alternative investment solutions tailored for insurance companies globally. With approximately $67 billion in assets under management, GCM Grosvenor continues to expand its offerings to institutional and high net worth investors.

Positive

• Closed $500 million structured alternatives investment fund.
• Expansion of investment strategies to include private equity and infrastructure.
• Strengthened position in providing alternative investment solutions to insurance companies.

Negative

• None.

CHICAGO, Nov. 08, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it has closed on a $500 million structured alternatives investment solution that will invest in alternative strategies including private equity, infrastructure, absolute return strategies, and alternative credit.

The fundraising effort was led by GCM Grosvenor Insurance Solutions, which the firm formed in June 2021. GCM Grosvenor Insurance Solutions seeks to provide alternative investment solutions to insurance company balance sheets globally.

“We believe we have a strong value proposition to offer insurance investors,” said John Morrison, Managing Director and head of GCM Grosvenor Insurance Solutions. “This effort is but one example of how GCM Grosvenor can provide alternative investment solutions to insurers.”

“In addition to appealing to insurers, we believe this vehicle has broad appeal beyond the insurance industry,” said Jon Levin, President of GCM Grosvenor. “We intend to provide similar opportunities to investors next year.”

UBS Investment Bank served as Sole Structuring Advisor and Bookrunner and Mayer Brown LLP served as legal advisor to GCM Grosvenor.

About GCM Grosvenor

GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $67 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm is in its 50th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes.

GCM Grosvenor’s experienced team of over 500 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, please visit: www.gcmgrosvenor.com.

GCM Grosvenor Insurance Solutions is a provider of bespoke alternative investment solutions to insurance company balance sheets globally, utilizing a consultative approach to offer both structured and customized alternative asset management solutions that meet the unique needs of the insurance industry. For more information, please visit: www.gcmgrosvenor.com/insurance-solutions/

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

GCM Grosvenor Insurance Solutions
insurance@gcmlp.com 

FAQ

What is the purpose of GCM Grosvenor's new $500 million fund?

The new $500 million fund aims to invest in alternative strategies such as private equity, infrastructure, absolute return strategies, and alternative credit.

Who led the fundraising for GCM Grosvenor's alternatives fund?

The fundraising was led by GCM Grosvenor Insurance Solutions.

How much does GCM Grosvenor manage in total assets?

GCM Grosvenor manages approximately $67 billion in assets across various investment strategies.

What types of investors is GCM Grosvenor targeting with its new investment solutions?

GCM Grosvenor is targeting insurance companies as well as a broader range of investors with its new investment solutions.

When was GCM Grosvenor Insurance Solutions formed?

GCM Grosvenor Insurance Solutions was formed in June 2021.