Chicago, April 13, 2020 – GCM Grosvenor, a global alternative asset manager, announced today that it completed the final close for its Co-Investment Opportunities Fund II with approximately $540 million in committed capital.
Co-Investment Opportunities Fund II targets buyout co-investments alongside private equity sponsors, with a focus on the middle-market. The fund pursues opportunities sourced from our approximately 300 middle-market buyout fund commitments. The fund leverages the transaction expertise of our 44 global private equity professionals. The firm’s broader co-investment practice has made more than 150 co-investments to date and raised more than $4.1 billion for the strategy over the past two years.
“We believe properly constructed co-invest programs benefit investors’ private equity portfolios by providing complementary exposures, j-curve mitigation, and return enhancement from fee efficiency,” said Jon Levin, GCM Grosvenor’s President. “Our 17-year track record in co-investing, flexible investment platform, and deep relationships with top-tier sponsors enable us to source broadly and be selective in our investments.”
Investors in Co-Investment Opportunities Fund II include public, corporate, and Taft-Hartley pension plans, financial institutions, and family offices based in North America, Europe, the Middle East, and Asia.