GCM Grosvenor Announces Final Close of GCM Grosvenor Co-Investment Opportunities Fund III, Raising Nearly $615 Million
Rhea-AI Summary
GCM Grosvenor (Nasdaq: GCMG) has successfully closed its GCM Grosvenor Co-Investment Opportunities Fund III (GCF III), raising approximately $615 million in commitments. This represents a significant increase from its predecessor fund, GCF II.
The firm's total private equity co-investment commitments now stand at $9 billion, within its broader $30 billion private equity platform. GCF III attracted diverse investors globally, including pension plans, financial institutions, and family offices from North America, Europe, the Middle East, and Asia.
The fund will concentrate on co-investments across private equity, with a specific focus on middle-market growth and buyout transactions. This closing reinforces GCM Grosvenor's position as a leader in co-investment strategies.
Positive
- Raised $615M in commitments for GCF III, exceeding previous fund size
- Total private equity co-investment commitments reached $9B
- Broad global investor base across multiple regions
- Part of larger $30B private equity platform
Negative
- None.
News Market Reaction – GCMG
On the day this news was published, GCMG declined 0.99%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHICAGO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced the final close of GCM Grosvenor Co-Investment Opportunities Fund III (“GCF III”), securing approximately
Co-investments are increasingly seen as an essential component of a diversified private markets program, and GCM Grosvenor provides differentiated access to co-investment opportunities through its robust sourcing capabilities, flexible structuring, and established partnerships across sponsors and other market participants.
“We are grateful for the strong support of our GCF III investors, who continue to recognize the value of our disciplined and diversified approach,” said Michael Sacks, Chairman and Chief Executive Officer at GCM Grosvenor. “Our 25-year track record investing in private equity helps us to identify and execute compelling co-investment opportunities.”
GCF III attracted a broad base of investors, including public, corporate, and Taft-Hartley pension plans, financial institutions, and family offices based in North America, Europe, the Middle East, and Asia. The fund will focus on co-investments across private equity, particularly targeting middle-market growth and buyout transactions.
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately
GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.
Media Contact
Tom Johnson and Abigail Ruck
H/Advisors Abernathy
tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global
212-371-5999
FAQ
How much did GCM Grosvenor (GCMG) raise in their latest co-investment fund?
What is the total size of GCMG's private equity co-investment commitments?
What types of investments will GCM Grosvenor's GCF III fund target?
Who are the primary investors in GCMG's GCF III fund?
What is the size of GCMG's total private equity platform?
