SuMi TRUST and GCM Grosvenor Announce Strategic Partnership and Investment to Expand Private Markets Offerings

Core Viewpoint - Sumitomo Mitsui Trust Bank and GCM Grosvenor have formed a strategic partnership to enhance alternative investment offerings in Japan, aiming to capture growing market demand and expand their global presence [1][2][3] Group 1: Partnership Details - The partnership aims to leverage SuMi TRUST's strong presence in Japan and GCM Grosvenor's expertise in private markets to develop and distribute alternative investment products [2][3] - Both firms are targeting an additional $1.5 billion in assets under management by 2030 as a result of this collaboration [2] Group 2: Company Backgrounds - SuMi TRUST Group is a leading trust bank in Japan with a diverse client base and one of the largest asset bases in Asia, focusing on asset management and wealth management [5] - GCM Grosvenor manages approximately$80 billion in assets across various investment strategies and has over 50 years of experience in alternative asset management [6] Group 3: Historical Collaboration - The two companies have been collaborating since 2016 in areas such as private equity, credit, and infrastructure strategies, indicating a strong foundation for this new partnership [3]