GCM Closes New Co-Investment Fund

GCM Grosvenor has held a final close of Co-Investment Opportunities Fund II LP with approximately $540 million in committed capital.

Investors in GCM’s new fund include public, corporate, and Taft-Hartley pension plans, financial institutions, and family offices based in North America, Europe, the Middle East, and Asia.

GCM Grosvenor, a portfolio company of Hellman & Friedman since 2007, is a Chicago-headquartered alternative asset management firm with more than $57 billion in assets under management. The firm invests in hedge funds, private equity, and credit and specialty strategies and has made more than 150 co-investments to date and raised more than $4.1 billion of capital for co-investments over the past two years.

As its name implies, Fund II will make co-investments alongside private equity sponsors in middle-market buyout transactions. Many of the fund’s investment opportunities will be sourced from GCM’s more than 300 middle-market buyout fund commitments.

“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’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.”

GCM has offices in Chicago (headquarters), New York, Los Angeles, London, Tokyo, Hong Kong, and Seoul.

San Francisco-headquartered Hellman & Friedman invests from $300 million to $1 billion in companies across a range of industries including software & technology, financial services, healthcare, retail & consumer, and other business services. The firm was founded in 1984 and has raised over $50 billion of capital, invested in over 90 companies, and is currently investing its $16.5 billion ninth fund.

Private Equity Professional | April 14, 2020

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