GCM Grosvenor has completed a final close for its Labor Impact Fund with $893 million in capital commitments. GCM Grosvenor said the fundraise was at the high end of its targeted range.
GCM Grosvenor's Labor Impact Fund originates and executes infrastructure projects that leverage the inclusion of union labor as a contributing factor to enabling attractive risk-adjusted returns, according to the firm. The goal of the strategy is to find compelling infrastructure investment opportunities that can be unlocked through close cooperation across labor, government and private capital.
“We are grateful for the support of our investors; they share our vision that the Labor Impact Fund's strategy is an effective way to deploy infrastructure capital,” said Fred Pollock, CIO of GCM Grosvenor. “Our robust investment activity to date demonstrates the effectiveness of our differentiated approach to infrastructure investing. We believe that our strategy will generate positive ou
