Chicago-based GCM Grosvenor, a $ 80 billion alternative asset manager in AUM, is continuing his push on the property channel with a new joint venture, Grove Lane Partners, poisoned by a former Blackstone Certain, which will focus on registered investment advisers, independent intermediaries and traders.
Ryan Chapman has been appointed president of the joint venture. He previously held high roles in Blackstone, where he executed distribution strategies for private market investment vehicles throughout Ria, IBD and family office channels
“This initiative represents a strategic expansion of our individual investors' skills,” said GCM GCM Grosvenor and CEO Michael Sacks in a statement “as the demand for alternative investments accelerates among individual investors, we are pleased that partner with Grove Lane Partners to expand our expansive channel and position us to provide institutional solutions. wider. ”
GCM Grosvenor has previously worked with trouble in his traditional withdrawal funds. In November, the firm also launched its first open interval fund for accredited investors. He partnership with Cion Investments, an investment manager with a strong retail channel, for Create Grosvenor Cion Grosvenor Infrastructure Fund (CGIF). The fund will invest in active in the sectors of transport, digital, energy, power transition, supply and logistics chain, as well as assets adjacent to infrastructure. Firms also left open the possibility of starting additional evergreen vehicles.
“We are committed to equipping councilors with sophisticated alternative investment solutions from key assets managers that can improve portfolio diversification and long -term return potential,” Chapman said in a statement. “We are excited that partner with GCM Grosvenor Given their wide record in alternative investments and their unwavering focus on customer success.”
This partnership aims to provide individual investors with exposure to alternative investment with institutional quality, managed by GCM Grosvenor and third -party managers. Interest in GCM Grosvenor Investment Products is offered through GRV Securities LLC, a limited liability company in Delaware registered with the SEC as a mediator/trader and a member of FINRA and the Corporation of Insurance Investors.
GCM Grosvenor has an interest in minorities for the joint enterprise and has an opportunity to take full ownership in the future.