GCM Grosvenor announced the final close of its inaugural Credit Secondaries Fund, raising $1.2 billion in commitments across the fund and related strategies. The offering marks the firm’s formal entry into the credit secondaries market, a segment the company said has seen rapidly growing investor interest.
The strategy draws on the firm’s four decades of credit investing experience and its existing $17 billion credit platform to source and evaluate opportunities in the private credit secondary market. It focuses primarily on opportunistic corporate and asset backed investments, and sits alongside GCM Grosvenor’s existing capabilities in primary funds, co-investments, and direct investing. The firm positioned the new fund as a complement to its broader credit offering, which spans public and private markets and is designed to serve both investors new to credit and those seeking to scale existing programs.
GCM Grosvenor manages approximately $91 billion in assets across private equity, infrastructure, real estate, credit, and absolute return strategies. The firm, headquartered in Chicago with additional offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney, has specialized in alternative investments for more than 50 years.
KEY QUOTES:
“The successful launch of our Credit Secondaries Fund reflects growing investor demand for dedicated private credit secondary solutions and marks an important milestone for our credit platform. This strategy builds on the strength of our global alternatives platform and longstanding relationships across private markets, enabling us to provide clients with differentiated access to an expanding segment of the market.”
Fred Pollock, Chief Investment Officer, GCM Grosvenor
“Private credit secondaries require disciplined underwriting at the single name and fund level, deep market knowledge, relationships, and strong sourcing capabilities. We’re fortunate to be able to lever our role in the private credit ecosystem to originate and underwrite differentiated opportunities and construct a diversified portfolio with a focus on prudent risk management.”
Steve McMillan, Head of Credit Research, GCM Grosvenor
