GCM Grosvenor has successfully closed its CIS III fund with committed capital of $882 million, marking a 37% increase from the previous CIS II fund. This latest close has propelled the firm's total infrastructure fundraising to an impressive $7.8 billion since 2021.
The Chicago-based global investment and advisory firm manages approximately $13 billion in infrastructure assets as of the second quarter of 2023, and around $76 billion in total assets under management across various investment strategies including private equity, real estate, credit, and absolute return.
Scott Litman, Managing Director of Infrastructure Investments at GCM Grosvenor, attributed this success to the firm's unique global sourcing strategy and flexible investment implementation approaches. The fund aims to offer diversified opportunities across multiple sub-asset classes such as transportation, energy transition, digital infrastructure, battery storage, and e-commerce logistics. It plans to achieve this through a combination of co-investments, secondaries investments, and direct investments.
With more than 50 years of experience in alternatives and offices worldwide, GCM Grosvenor serves a diverse investor base through its cross-asset class investment platform. Its team of 530 professionals caters to a wide array of investors including corporate entities, public and Taft-Hartley pension plans, sovereign entities, endowments, and individual investors.
The company continues to focus on providing access to global infrastructure opportunities while maintaining a strong commitment to its unique investment approach and strategies.
InvestingPro Insights
GCM Grosvenor, with a market cap of $2370M USD, is showing promising signs of growth and profitability. The company's P/E Ratio stands at 7.34, implying that the investors are willing to pay a relatively low price for each dollar of earnings. Looking at the company's recent performance, the revenue growth over the last twelve months as of Q1 2024 is 8.62%, indicating a steady increase in its earnings.
Two key InvestingPro Tips that stand out for GCM Grosvenor are its perfect Piotroski Score of 9 and the fact that management has been aggressively buying back shares. The high Piotroski Score suggests that the company is healthy with sound financials. The aggressive share buyback indicates that the management believes the shares are undervalued, which could be a positive sign for potential investors.
Another aspect to note is the company's high return on invested capital and consistently increasing earnings per share, both of which are indicative of a well-managed, profitable business.
InvestingPro offers a wealth of additional tips and insights into GCM Grosvenor's performance and potential, which could be invaluable for any investor considering this company.
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