Global alternative asset management solutions provider GCM Grosvenor has secured $500 million backing to develop a structured alternative investment solution.
The vehicle will look to invest in alternative strategies like private equity, infrastructure, absolute return strategies, and alternative credit.
Led by GCM Grosvenor Insurance Solutions, which the firm formed in June, the fundraising is intended to provide alternative investment solutions to insurer balance sheets globally.
“We believe we have a strong value proposition to offer insurance investors,” said John Morrison, Managing Director and head of GCM Grosvenor Insurance Solutions.
“This effort is but one example of how GCM Grosvenor can provide alternative investment solutions to insurers.”
“In addition to appealing to insurers, we believe this vehicle has broad appeal beyond the insurance industry,” said Jon Levin, President of GCM Grosvenor. “We intend to provide similar opportunities to investors next year.”
UBS Investment Bank served as Sole Structuring Advisor and Bookrunner and Mayer Brown LLP served as legal advisor to GCM Grosvenor.
