GCM Grosvenor

GCM Grosvenor (Nasdaq: GCMG) is an American alternative asset management firm, with approximately $91 billion in assets under management and approximately 550 professionals as of 2025.[2]

GCM Grosvenor manages assets on behalf of a global client base across hedge fund strategies, private equity, real estate, infrastructure, and multi-asset class investments. The firm specializes in developing customized portfolios for clients who want an active role in their alternatives programs; it also provides multi-client portfolios for investors. Investment offerings include direct and co-investments, secondaries, and multi-manager portfolios. GCM Grosvenor's clients are mostly institutions, such as pension funds, sovereign wealth entities, financial institutions, corporations, insurance companies, charitable organizations, and endowments.[3]

GCM Grosvenor manages approximately $28 billion in sustainable and impact assets, with a majority of these investments implemented through bespoke separate accounts tailored to investor-specific goals. This approach enables flexible, multi-asset class exposure—such as energy transition strategies—that may not fit within traditional allocation frameworks, while maintaining a returns-oriented investment philosophy.[4]

GCM Grosvenor has over $30 billion in assets under management with small, early-stage, diverse, and women alternative investment managers.[5]

Awards

In 2025, GCM Grosvenor was recognized for the fifth time as one of Pensions & Investments’ Best Places to Work in Money Management, ranking #1 in the Major Employers (500-999 U.S. Employees) category. The annual program honors investment management firms that create exceptional workplaces and foster strong employee engagement across the industry. [6]

In 2019, GCM Grosvenor received the Civic Federation’s Addams-Palmer Award from for exemplary civic involvement by a Chicago institution.[7]

History

GCM Grosvenor was founded in 1971 by Richard Elden and managed the first fund of hedge funds in the United States.[8] In 1973, Elden brought on a partner, Frank Meyer, who had been a colleague at A.G. Becker.[9] Elden left GCM Grosvenor in 2006 to start Lakeview Investment Manager, which runs an activist fund of hedge funds, and Meyer retired from the business.[9][10][11] Michael Sacks, who joined the firm in 1990, is the current Chairman and chief executive officer of the company.

In January 2014, GCM Grosvenor completed its acquisition of the Customized Fund Investment Group (CFIG) from Credit Suisse Group AG.[12] CFIG was Credit Suisse's third-party private equity business, investing some $20 billion with outside private equity managers.[13]

In August 2020, GCM Grosvenor announced it will become a public company through a merger with CF Finance Acquisition Corp. (“CFAC”) (NASDAQ: CFFA), a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm. GCM Grosvenor began trading on The Nasdaq Capital Market under the ticker “GCMG” on November 18, 2020. [1][14]