GCM Grosvenor has closed on a $500 million structured alternatives investment solution that will invest in infrastructure, as well as private equity, absolute return strategies and alternative credit.
“We believe we have a strong value proposition to offer insurance investors,” said John Morrison, managing director and head of GCM Grosvenor Insurance Solutions, an entity the firm formed in June to provide alternative investment solutions to insurance company balance sheets globally.
“In addition to appealing to insurers, we believe this vehicle has broad appeal beyond the insurance industry,” added Jon Levin, president of GCM Grosvenor. “We intend to provide similar opportunities to investors next year.”
