GCM Grosvenor Inc (GCMG) News & EventsGCMGGCM Grosvenor Inc

GCM Grosvenor Reports Q2 Revenue of $134.3M

Reports Q2 revenue $134.3M, consensus $131.37M. "GCM Grosvenor had a strong second quarter with good investment performance and growth across all strategies and channels." said Michael Sacks, GCM Grosvenor's Chairman and Chief Executive Officer.

GCM Grosvenor Appoints Steven Novick as Managing Director

GCM Grosvenor announced that Steven Novick has joined the firm as a Managing Director on its Business Development team. Based in the firm's London office, Mr. Novick will focus on client engagement efforts, supporting the firm's continued growth and expanding relationships with institutional and individual investors across Europe, where it manages $10.4B of AUM across more than 40 clients. In his new role, he will support clients with access to differentiated alternative investment strategies and contribute to the firm's ongoing growth initiatives by leveraging his global relationships while focusing on opportunities in Europe, including the Nordic region. Prior to joining GCM Grosvenor, Mr. Novick served as Senior Advisor to Valeas Capital.

GCM Grosvenor Closes Structured Alternatives Fund at $625M

GCM Grosvenor announced the second close of its structured alternatives investment solution, bringing total capital commitments to $625M. This vehicle offers investors an opportunity to access a diversified portfolio of credit secondaries investments, with flexibility to participate through equity or debt in a rated structure.