Fundraisers

GCM Grosvenor raises $700m

The $50 billion asset management firm closed its secondary fund at its hard-cap target.

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GCM Grosvenor held a final close for its GCM Grosvenor Secondary Opportunities Fund II at its $700 million hard cap.

The firm held the first closing for the fund in May 2017. It will use the capital to make secondary investments in a diverse number of sectors in North America.