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CHICAGO—Alternative asset manager GCM Grosvenor has completed the final close for its Multi-Asset Class Fund II at the high end of its targeted capital raise with $983 million in committed capital.
The fund is targeting investment opportunities sourced from GCM Grosvenor's $57 billion alternative investment platform. Investment strategies range from hedge funds, private equity and debt, infrastructure, and real estate. The platform has 160 investment professionals and relationships with 600 alternative asset managers.
"This successful fundraise reflects the strong value proposition of an opportunistic multi-asset class investment approach," said Fred Pollock, GCM Grosvenor's Chief Investment Officer, in prepared remarks.
Investors in the fund include public, corporate and Taft-Hartley pension plans, insurance companies and financial institutions based in the US and Asia.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
