GCM Grosvenor, a global alternative asset management solutions provider headquartered in Chicago, has announced the final close of its Infrastructure Advantage Fund II (IAF II) with $1.3 billion of commitments from a broad group of 58 investors from across the United States and Canada.
The fund’s closing represents a substantial increase from the fund’s predecessor, which closed in 2020 at $893 million.
Launched in 2018, GCM Grosvenor’s Infrastructure Advantage Strategy manages nearly $2.5 billion in assets. The strategy focuses on partnership with organized labor and other stakeholders to invest in infrastructure projects with long-term community and economic benefits. Similar to Fund I, IAF II will focus on building a diverse portfolio of assets across infrastructure sectors such as transportation, energy transition and digital infrastructure.
“We are grateful for the continued confidence of our investors, who share our vision of effectively deploying
