GCM Grosvenor

GCM Grosvenor

Company type	Public
Industry	Alternative asset management
Founded	1971 (1971)
Founder	Richard Elden
Headquarters	Chicago, Illinois , United States
Area served	Worldwide
Key people	Michael Sacks (Chairman and CEO)
Products	Hedge funds, private equity, real estate, infrastructure, credit, diversified multi-asset portfolios
Number of employees	530 (2023)
Website	www.gcmgrosvenor.com

GCM Grosvenor (Nasdaq: GCMG) is a U.S.-based alternative asset management company located at 900 North Michigan, Chicago, Illinois. As of 2023, it oversees roughly $76 billion in assets and employs close to 530 professionals.

The firm caters to a worldwide clientele comprising pension plans, sovereign wealth funds, financial institutions, corporations, insurers, philanthropic organizations, and endowments. GCM Grosvenor provides a range of investment solutions across hedge funds, private equity, real estate, infrastructure, credit, and diversified multi-asset portfolios. Its approach prioritizes bespoke portfolio construction for clients desiring active participation in alternatives strategies, alongside pooled multi-client offerings. Investment methodologies encompass direct investments, co-investments, secondary market transactions, and multi-manager frameworks.

With over $15 billion dedicated to Environmental, Social and Governance (ESG) initiatives, GCM Grosvenor is a signatory of the Principles for Responsible Investment (PRI). The firm has achieved A+ ratings for its ESG governance strategy and integration during manager selection. Furthermore, it administers upwards of $30 billion allocated to small, early-stage, diverse, and women-led alternative investment managers. In 2023, the company merged its Consortium and Small and Emerging Managers conferences into a premier event aimed at advancing the sector of diverse and emerging managers.

Established in 1971 by entrepreneur Richard Elden, GCM Grosvenor has experienced substantial growth under the leadership of executives such as CEO Michael Sacks. Its distinct competitive edge stems from customized investment solutions, dedication to ESG standards, and fostering emerging managers within the alternative investment landscape.

Awards

In 2019, GCM Grosvenor was honored with the Civic Federation’s Addams-Palmer Award for outstanding civic engagement by a Chicago-based organization.

History

Richard Elden founded the firm in 1971 and pioneered the first U.S. hedge fund of funds. Two years later in 1973, Elden joined forces with Frank Meyer, a former A.G. Becker associate. Elden departed in 2006 to establish Lakeview Investment Manager while Meyer retired. Michael Sacks joined GCM Grosvenor in 1990 and currently holds the positions of Chairman and CEO.

In January 2014, GCM Grosvenor expanded its private equity management by acquiring Customized Fund Investment Group (CFIG) from Credit Suisse, adding approximately $20 billion in third-party assets under management.

The company went public in August 2020 through a merger with CF Finance Acquisition Corp., a SPAC sponsored by Cantor Fitzgerald. Trading commenced on Nasdaq under the symbol “GCMG” on November 18, 2020.