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Opalesque Industry Update - GCM Grosvenor, a leading global alternative asset management solutions provider, today announced that GCM Grosvenor Customized Infrastructure Strategies III, L.P. completed its final close with $882 million in committed capital, bringing total infrastructure fundraising to $7.8 billion since the beginning of 2021. CIS III showed a 37% increase in commitments compared to its predecessor fund CIS II. The firm has approximately $13 billion of infrastructure assets under management as of the second quarter of 2023. "We are thrilled that our investors recognize and appreciate our differentiated approach to the infrastructure opportunity set," said Scott Litman, Managing Director, Infrastructure Investments. "We believe our comprehensive global sourcing strategy and flexibility of investment implementation approaches will continue to drive future growth for this franchise." The diversified base of CIS III investors includes corporate, public, and Taft-Hartley pension plans, financial institutions, insurance companies, sovereign entities, endowments, individual investors, and others in the U.S., Europe, Asia-Pacific, and Middle East regions. CIS III will focus on providing investors with a single point of entry to a diversified set of infrastructure opportunities, including co-investments, secondaries investments and direct investments. The fund expects to invest globally and across infrastructure sub-asset classes, including transportation, energy transition, digital infrastructure, as well as emerging opportunities in the evolving infrastructure asset class such as battery storage and e-commerce logistics.
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Industry Updates
GCM Grosvenor closes infrastructure fund on $882 million
Tuesday, October 31, 2023
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