Fundraising - DECEMBER 10, 2019

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GCM Grosvenor closes Multi-Asset Class Fund II with nearly $1b

by Kali Persall

Chicago-based GCM Grosvenor has completed the final close for its Multi-Asset Class Fund II with $983 million in capital commitments.

Investors in Multi-Asset Class Fund II include public, corporate and Taft-Hartley pension plans, insurance companies, and financial institutions based in the United States and Asia.

According to Grosvenor, the fund pursues investment opportunities sourced from GCM Grosvenor’s $57 billion alternative investment platform, with investment capabilities across hedge fund strategies, private equity and debt, infrastructure, and real estate.

“This successful fundraise reflects the strong value proposition of an opportunistic multi-asset class investment approach,” said Fred Pollock, CIO of Grosvenor. “In constructing the fund, the team leverages GCM Grosvenor’s open-architecture platform to access a rich opportunity set. We are grateful for our investors’ support.”

Grosvenor is one of the largest, most diversified in

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