GCM Grosvenor plans to raise incremental capital for the strategy, which will serve as a core component of a broader ecosystem being created in partnership with CalPERS that will be focused on lowering barriers to entry for investor entrepreneurs as well as equipping firm founders with the non-investment infrastructure support resources required for success. The Elevate strategy is being launched in partnership with the California Public Employees Retirement System (“CalPERS”), who have announced a $500 million commitment. The firm has approximately $17.5 billion of assets under management with small and emerging managers and approximately $13.6 billion of assets under management with diverse managers. The strategy will build on GCM Grosvenor’s strong, multi-decade track record of investing in small, emerging, and diverse managers and the firm’s position as a leading private equity investor in the small- and middle-market. The Elevate strategy is focused on making catalytic seed investments in small, emerging, and diverse private equity firm founders to help build and scale their investment firms. 10, 2023 (GLOBE NEWSWIRE) - GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today announced the launch of the GCM Grosvenor Elevate strategy (“Elevate”).
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