GCM Grosvenor is one of the world's largest independent alternative asset management firms, with over $55 billion in assets under management and approximately 500 professionals. GCM Grosvenor manages assets on behalf of a global client base across hedge fund strategies, private equity, real estate, infrastructure, and multi-asset class investments. The firm specializes in developing customized portfolios for clients who want an active role in their alternatives programs; it also provides multi-client portfolios for investors who desire a turn-key alternative investments solution. Investment offerings include direct and co-investments, secondaries, and multi-manager portfolios. GCM Grosvenor's clients are mostly institutions, such as pension funds, sovereign wealth entities, financial institutions, corporations, insurance companies, charitable organizations, and endowments. GCM Grosvenor is a privately-held firm, the majority of which is owned by current and former employees. GCM Grosvenor has more than $14.5 billion invested and committed to Environmental, Social and Governance themes, and as a signatory to the Principles for Responsible Investment, GCM Grosvenor received an A+ rating from the PRI in 2019 for its overarching approach to ESG strategy and governance and an A+ rating for ESG integration in manager selection, approval, and monitoring. GCM Grosvenor has invested/committed over $17 billion with small, early-stage, diverse, and women alternative investment managers since 1989. The firm hosts two industry events – Consortium and the Small and Emerging Managers Conference – designed to facilitate connections between managers and investors.
Awards
In 2019, GCM Grosvenor received the Civic Federation’s Addams-Palmer Award from for exemplary civic involvement by a Chicago institution.
History
GCM Grosvenor was founded in 1971 by Richard Elden and managed the first fund of hedge funds in the United States. In 1973, Elden brought on a partner, Frank Meyer, who had been a colleague at A.G. Becker. Elden left GCM Grosvenor in 2006 to start Lakeview Investment Manager, which runs an activist fund of hedge funds, and Meyer retired from the business. Michael Sacks, who joined the firm in 1990, is the current chief executive officer of the company. In January 2014, GCM Grosvenor completed its acquisition of the Customized Fund Investment Group from Credit Suisse Group AG. CFIG was Credit Suisse's third-party private equity business, investing some $20 billion with outside private equity managers.
