The $1.5 billion consists of approximately $500M raised for diverse manager mandates in real estate, and $1.0B for diverse manager mandates in private equity, including capital raised for the firm’s $770 million inaugural Advance Fund, the company said.
A total of 55 institutional investors made commitments to diverse manager mandates in 2021, 43 of which were new investors to GCM.
Previously, (Nov. 10, 2021) GCM Grosvenor raised its dividend to $0.10 per share.