GCM Grosvenor Announces Final Close of GCM Grosvenor Co-Investment Opportunities Fund III, Raising Nearly $615 Million

Core Insights - GCM Grosvenor announced the final close of its GCM Grosvenor Co-Investment Opportunities Fund III (GCF III), securing approximately $615 million in commitments, significantly higher than its predecessor, GCF II [1] - The firm's total private equity co-investment commitments now stand at$9 billion, reinforcing its leadership in co-investment strategies within a broader $30 billion private equity platform [1] Company Overview - GCM Grosvenor is a global alternative asset management solutions provider with approximately$80 billion in assets under management across various investment strategies including private equity, infrastructure, real estate, credit, and absolute return [4] - The firm has over 50 years of experience in alternatives and aims to deliver value for clients through a cross-asset class and flexible investment platform [4] Investment Strategy - Co-investments are increasingly recognized as essential for a diversified private markets program, with GCM Grosvenor offering differentiated access through robust sourcing capabilities, flexible structuring, and established partnerships [2] - GCF III attracted a diverse range of investors, including public, corporate, and Taft-Hartley pension plans, financial institutions, and family offices from North America, Europe, the Middle East, and Asia, focusing on middle-market growth and buyout transactions [3]