CHICAGO, April 13, 2020 /PRNewswire/ -- GCM Grosvenor, a global alternative asset manager, announced today that it completed the final close for its Co-Investment Opportunities Fund II with approximately $540 million in committed capital.
Co-Investment Opportunities Fund II targets buyout co-investments alongside private equity sponsors, with a focus on the middle-market. The fund pursues opportunities sourced from our approximately 300 middle-market buyout fund commitments. The fund leverages the transaction expertise of our 44 global private equity professionals. The firm's broader co-investment practice has made more than 150 co-investments to date and raised more than $4.1 billion for the strategy over the past two years.
"We believe properly constructed co-invest programs benefit investors' private equity portfolios by providing complementary exposures, j-curve mitigation, and return enhancement from fee efficiency," said Jon Levin, GCM Grosvenor's President. "Our 17-year track record in co-investing, flexible investment platform, and deep relationships with top-tier sponsors enable us to source broadly and be selective in our investments."
Investors in Co-Investment Opportunities Fund II include public, corporate, and Taft-Hartley pension plans, financial institutions, and family offices based in North America, Europe, the Middle East, and Asia.
About GCM Grosvenor
GCM Grosvenor is a global alternative investment firm with $57 billion in assets under management in hedge fund strategies, private equity, infrastructure, real estate and multi-asset class opportunistic investments. The firm has specialized in alternatives since 1971 and is dedicated to unlocking value for clients by leveraging its cross-asset class and flexible investment platform.
GCM Grosvenor's experienced team of approximately 500 professionals from diverse backgrounds 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, London, Tokyo, Hong Kong, and Seoul.
SOURCE GCM Grosvenor