GCM Grosvenor
Institutional investorChicago
Investment thesis
GCM Grosvenor is one of the largest open-architecture alternative asset management platforms, with over 20 years investing in infrastructure and other private markets. The firm deploys capital across multiple alternative strategies including infrastructure, private equity (primaries, secondaries, and co-investments), credit, real estate, and absolute return/hedge fund strategies. It serves institutional clients globally through commingled funds, co-investments, and separately managed accounts, and pursues sustainable and impact investing alongside traditional mandates. The firm also runs sponsor solutions and labor & government strategies programs, reflecting a broad multi-asset approach to alternatives investing for pensions, foundations, endowments, and other institutional investors.
Source: firm website, verified Aug 6, 2026.
Investments · 2 tracked
founders shown can be your intro pathCompany that sold shortline rail and bulk handling infrastructure in a partnership involving GCM Grosvenor and Mobil Grain Ltd.
Wind energy asset in which the Infrastructure Advantage Strategy acquired an equity interest from Brookfield.
Fund performance · per public LP disclosures · 28
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| GCM Diversified Infrastructure, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2024 | — | 16.5% | 1.17x | — |
| CRPTF-GCM Emerging Manager Partnership L.P. 2022-2 RELPs: Connecticut Retirement Plans and Trust Funds | 2023 | — | — | 1.01x | 0.04x |
| GCM Grosvenor Elevate Fund, L.P.LPs: California Public Employees' Retirement System | 2023 | — | — | 0.88x | 0.08x |
| GCM Grosvenor Advance Fund, L.PLPs: Employees' Retirement System of Rhode Island | 2022 | — | 9.2% | 1.21x | 0.15x |
| GCM Grosvenor Co-Investment Opportunities Fund III, L.P.LPs: San Diego City Employees' Retirement System | 2022 | — | 26.3% | 1.48x | 0.13x |
| GCM US Partnership Opportunities, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2022 | — | 9.1% | 1.13x | 0.18x |
| GCM Grosvenor Secondary Opportunities Fund III, LPLPs: San Diego City Employees' Retirement System | 2020 | — | 14.5% | 1.31x | 0.18x |
| GCM Grosvenor DEM III, L.P.LPs: California Public Employees' Retirement System | 2019 | — | 21.7% | 1.69x | 0.46x |
| GCM Grosvenor Co-Investment Opportunities Fund II, L.P.LPs: San Diego City Employees' Retirement System | 2018 | — | 25.9% | 2.36x | 1.09x |
| GCM Grosvenor Secondary Opportunities Fund II, L.P.LPs: San Diego City Employees' Retirement System | 2017 | — | 13.9% | 1.65x | 0.51x |
| GCM Grosvenor Co-Investment Opportunities Fund, L.P.LPs: San Diego City Employees' Retirement System | 2016 | — | 3.8% | 1.18x | 0.75x |
| GCM Grosvenor - NC Innovation Fund IILPs: North Carolina Retirement Systems | 2015 | — | 18.3% | 1.82x | 1.06x |
| GCM Grosvenor Secondary Opportunities Fund, L.P.LPs: San Diego City Employees' Retirement System | 2015 | — | 15.1% | 1.62x | 1.35x |
| GCM Grosvenor DEM II, L.P.LPs: California Public Employees' Retirement System | 2014 | — | 14.9% | 1.73x | 1.01x |
| GCM Grosvenor - NC Innovation Fund 2013-1LPs: North Carolina Retirement Systems | 2013 | — | 24.4% | 2.49x | 2.37x |
| GCM Grosvenor DEM, L.P.LPs: California Public Employees' Retirement System | 2012 | — | 8.7% | 1.38x | 1.13x |
| GCM Grosvenor - NC Innovation FundLPs: North Carolina Retirement Systems | 2010 | — | 19.6% | 1.97x | 1.75x |
| GCM Grosvenor - NC Investment FundLPs: North Carolina Retirement Systems | 2008 | — | 1.5% | 1.14x | 0.34x |
| GCM Grosvenor NYCERS Emerging Manager Co-Investment Fund, L.P.LPs: New York City Employees' Retirement System | 2008 | — | 14.1% | 1.79x | 1.79x |
| GCM Grosvenor NYCERS Emerging Manager Fund, L.P.LPs: New York City Employees' Retirement System | 2008 | — | 9.4% | 1.53x | 1.24x |
| GCM Grosvenor NYCFDPF Emerging Manager Co-Investment Fund, L.P.LPs: New York City Fire Department Pension Fund | 2008 | — | 11.7% | 1.58x | 1.58x |
| GCM Grosvenor NYCFDPF Emerging Manager Fund, L.P.LPs: New York City Fire Department Pension Fund | 2008 | — | 8.4% | 1.46x | 1.18x |
| GCM Grosvenor NYCPPF Emerging Manager Co-Investment FundLPs: New York City Police Pension Fund | 2008 | — | 13.7% | 1.75x | 1.75x |
| GCM Grosvenor NYCPPF Emerging Manager FundLPs: New York City Police Pension Fund | 2008 | — | 8.6% | 1.45x | 1.45x |
| GCM Grosvenor TRSCNY Emerging Manager Fund, L.P.LPs: Teachers' Retirement System of the City of New York | 2008 | — | 9.2% | 1.51x | 1.27x |
| GCM Grosvenor CT Cleantech Opportunities Fund LPLPs: Connecticut Retirement Plans and Trust Funds | 2007 | — | -13.5% | 0.40x | 0.40x |
| GCM Grosvenor - NYSCRF New York Co-Investment Program Fund 2005, LPLPs: Empire State Development – New York Ventures | 2005 | — | — | 1.24x | 0.97x |
| GCM Grosvenor Customized Infrastructure StrategiesLPs: Michigan Municipal Employees' Retirement System, Pennsylvania Public School Employees' Retirement System | — | — | 13.7% | 1.58x | 1.36x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What sectors does GCM Grosvenor focus on?
- GCM Grosvenor focuses on Energy, Impact & Social Good.
- Where is GCM Grosvenor located?
- GCM Grosvenor is headquartered in Chicago, US.
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