GCM Grosvenor Secures $1.3 Billion for Infrastructure Advantage Fund II
GCM Grosvenor Achieves $1.3 Billion Close for Infrastructure Fund
In a remarkable achievement, GCM Grosvenor has secured $1.3 billion in commitments for its Infrastructure Advantage Fund II (IAF II). This significant milestone indicates nearly a 50% increase compared to its predecessor, Fund I, which closed at $893 million in 2020. The final close was completed on March 31, showcasing GCM Grosvenor's strong market presence.
Investing in Community Enrichment and Economic Growth
The Infrastructure Advantage Strategy emphasizes partnerships with organized labor and other essential stakeholders to propel infrastructure projects with long-term community benefits. IAF II is designed to construct a diverse portfolio inclusive of crucial infrastructure sectors such as transportation, energy transition, and digital infrastructure.
Strong Investor Confidence
Michael Sacks, Chairman and Chief Executive Officer at GCM Grosvenor, expressed gratitude for the assurance shown by their investors. He stated, "We are grateful for the continued confidence of our investors, who share our vision of effectively deploying infrastructure capital in the U.S. and Canada." The broad-based support from 58 investors from the U.S. and Canada highlights the trust in GCM Grosvenor's strategic vision.
A Robust Track Record
Since its launch in 2018, the Infrastructure Advantage Strategy has managed nearly $2.5 billion in assets. Through its investments, GCM Grosvenor has created an impressive economic impact exceeding $8 billion across the United States and Canada. This figure reflects the firm’s commitment to fostering economic growth in the regions where it operates.
The Importance of Infrastructure Investment
As global economies continue to modernize and grow, the necessity of investing in infrastructure becomes increasingly apparent. GCM Grosvenor's approach not only focuses on capitalizing but on ensuring that these investments yield long-term benefits for communities. By prioritizing these initiatives, the firm positions itself as a leader in responsible investment strategies.
About GCM Grosvenor
GCM Grosvenor, trading on Nasdaq under the ticker GCMG, is recognized globally as a premier alternative asset management solutions provider. With around $80 billion in assets under management, the firm offers extensive expertise in private equity, infrastructure, real estate, credit, and absolute return investment strategies. With a history spanning over 50 years, GCM Grosvenor endeavors to create value for its clients through a comprehensive and flexible investment platform.
Boasting a dedicated team of approximately 550 professionals, GCM Grosvenor caters to an expansive client base comprised of both institutional and individual investors. The firm operates from its headquarters in Chicago, supported by offices in major financial hubs including New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney.
Frequently Asked Questions
What is the total amount raised by GCM Grosvenor’s IAF II?
GCM Grosvenor's Infrastructure Advantage Fund II has raised a total of $1.3 billion in commitments.
How does IAF II compare to its predecessor, Fund I?
IAF II represents nearly a 50% increase in commitments compared to Fund I, which closed at $893 million.
What sectors does the Infrastructure Advantage Strategy focus on?
The strategy focuses on various infrastructure sectors including transportation, energy transition, and digital infrastructure.
Who leads GCM Grosvenor?
Michael Sacks serves as the Chairman and Chief Executive Officer of GCM Grosvenor.
How many employees does GCM Grosvenor have?
The firm has approximately 550 professionals working across its global offices.
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