{"id":484061,"date":"2021-04-29T07:06:03","date_gmt":"2021-04-29T11:06:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/"},"modified":"2021-04-29T07:06:03","modified_gmt":"2021-04-29T11:06:03","slug":"gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/","title":{"rendered":"GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">April 29, 2021<\/span> \/PRNewswire\/ &#8212; GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced that it has met its <span class=\"xn-chron\">June 2019<\/span> stated objective of allocating an additional <span class=\"xn-money\">$2 billion<\/span> to women and minority investment managers more than a year ahead of the targeted three-year timeline. Since formalizing its diverse manager investment efforts in 2002, GCM Grosvenor has invested and committed approximately <span class=\"xn-money\">$8 billion<\/span> to women and minority alternative investment managers.\u00a0<\/p>\n<p>&#8220;We believe there is a significant, overlooked, high-quality investment opportunity among diverse managers,&#8221; said <span class=\"xn-person\">Michael Sacks<\/span>, Chairman and CEO of GCM Grosvenor. &#8220;We feel we can achieve attractive results for our clients while promoting equal access to capital and wealth creation.&#8221;\u00a0 <\/p>\n<p>When announcing the <span class=\"xn-money\">$2 billion<\/span> goal at GCM Grosvenor&#8217;s 2019 annual Consortium conference, <span class=\"xn-person\">Francis Idehen<\/span>, the firm&#8217;s Chief Operating Officer, stated that &#8220;the opportunity set, talent, and track records of the diverse manager community merit this investment.&#8221; The annual Consortium conference focuses on driving a more inclusive industry by connecting women and minority investment managers with institutional investors. <\/p>\n<p>&#8220;While <span class=\"xn-money\">$2 billion<\/span> allocated in less than two years is a significant milestone, we believe there is considerable opportunity for us and others in the industry to deploy more capital to women and minority alternative investment managers,&#8221; said <span class=\"xn-person\">Derek Jones<\/span>, GCM Grosvenor Managing Director and Co-Head of the firm&#8217;s Private Equity Diverse Manager practice. &#8220;We can and will deploy more capital to these managers over the coming years.&#8221;\u00a0\u00a0 <\/p>\n<p>GCM Grosvenor has committed approximately <span class=\"xn-money\">$17 billion<\/span> to environmental, social and governance (&#8220;ESG&#8221;) and impact strategies, including clean energy, diverse managers, regionally targeted programs, and labor impact investments. The firm has made approximately <span class=\"xn-money\">$8 billion<\/span> in commitments in more than 190 investments in diverse and women managers across private equity, infrastructure, real estate, credit, and absolute return strategies. <\/p>\n<p>\n        <b>About GCM Grosvenor<\/b>\n      <\/p>\n<p>GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately <span class=\"xn-money\">$62 billion<\/span> in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm is in its 50th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes.<\/p>\n<p>GCM Grosvenor&#8217;s experienced team of approximately 500 professionals serves a global client base of institutional and high net worth investors. The firm is headquartered in <span class=\"xn-location\">Chicago<\/span>, with offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">Los Angeles<\/span>, <span class=\"xn-location\">Toronto<\/span>, <span class=\"xn-location\">London<\/span>, <span class=\"xn-location\">Tokyo<\/span>, <span class=\"xn-location\">Hong Kong<\/span>, and <span class=\"xn-location\">Seoul<\/span>. For more information, please visit: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3145902-1&amp;h=1827474246&amp;u=http%3A%2F%2Fwww.gcmgrosvenor.com%2F&amp;a=www.gcmgrosvenor.com\" rel=\"nofollow noopener\">www.gcmgrosvenor.com<\/a>. <\/p>\n<p>SOURCE: GCM Grosvenor<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY59807&amp;sd=2021-04-29\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule-301280032.html\">http:\/\/www.prnewswire.com\/news-releases\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule-301280032.html<\/a><\/p>\n<p>SOURCE  GCM Grosvenor<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY59807&amp;Transmission_Id=202104290700PR_NEWS_USPR_____NY59807&amp;DateId=20210429\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHICAGO, April 29, 2021 \/PRNewswire\/ &#8212; GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced that it has met its June 2019 stated objective of allocating an additional $2 billion to women and minority investment managers more than a year ahead of the targeted three-year timeline. Since formalizing its diverse manager investment efforts in 2002, GCM Grosvenor has invested and committed approximately $8 billion to women and minority alternative investment managers.\u00a0 &#8220;We believe there is a significant, overlooked, high-quality investment opportunity among diverse managers,&#8221; said Michael Sacks, Chairman and CEO of GCM Grosvenor. &#8220;We feel we can achieve attractive results for our clients while promoting equal access to capital and wealth creation.&#8221;\u00a0 When announcing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-484061","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHICAGO, April 29, 2021 \/PRNewswire\/ &#8212; GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced that it has met its June 2019 stated objective of allocating an additional $2 billion to women and minority investment managers more than a year ahead of the targeted three-year timeline. Since formalizing its diverse manager investment efforts in 2002, GCM Grosvenor has invested and committed approximately $8 billion to women and minority alternative investment managers.\u00a0 &#8220;We believe there is a significant, overlooked, high-quality investment opportunity among diverse managers,&#8221; said Michael Sacks, Chairman and CEO of GCM Grosvenor. &#8220;We feel we can achieve attractive results for our clients while promoting equal access to capital and wealth creation.&#8221;\u00a0 When announcing &hellip; Continue reading &quot;GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-29T11:06:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY59807&amp;sd=2021-04-29\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule\",\"datePublished\":\"2021-04-29T11:06:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\\\/\"},\"wordCount\":427,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY59807&amp;sd=2021-04-29\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\\\/\",\"name\":\"GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule - 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Since formalizing its diverse manager investment efforts in 2002, GCM Grosvenor has invested and committed approximately $8 billion to women and minority alternative investment managers.\u00a0 &#8220;We believe there is a significant, overlooked, high-quality investment opportunity among diverse managers,&#8221; said Michael Sacks, Chairman and CEO of GCM Grosvenor. &#8220;We feel we can achieve attractive results for our clients while promoting equal access to capital and wealth creation.&#8221;\u00a0 When announcing &hellip; Continue reading \"GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-29T11:06:03+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY59807&amp;sd=2021-04-29","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule","datePublished":"2021-04-29T11:06:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/"},"wordCount":427,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY59807&amp;sd=2021-04-29","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/gcm-grosvenor-exceeds-2-billion-diverse-manager-allocation-target-more-than-one-year-ahead-of-schedule\/","name":"GCM Grosvenor Exceeds $2 Billion Diverse Manager Allocation Target More Than One Year Ahead of Schedule - 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