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GCM Grosvenor Has Strong Q3, Raises $1.3B for Real Estate Strategy

Chicago-based alternative asset manager GCM Grosvenor on Wednesday reported a strong third quarter, with $2.9 billion raised during Q3 and a 14% year-over-year increase in private fee-paying assets under management. AUM overall increased 3% Y-O-Y TO $72.6 billion as of Sept. 30. 

“We had a good quarter in a tough environment led by strong fundraising and double-digit private markets revenue growth,” said Michael Sacks, chairman and CEO of GCM Grosvenor. “We have increased our dividend and share repurchase program and remain confident in the secular tailwinds supporting alternatives.” 

Year to date, the company has raised $6.3 billion, of which $1.4 billion was raised for its real estate strategy. Real estate fundraising comprised the largest segment of the Q3 total at $1.3 billion, with private equity fundraising comprising another $1.2 billion and the remainder divided between infrastructure and absolute return strategies. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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