Chicago-based GCM Grosvenor's emerging manager seeding program, Elevate, focused on lower and middle-market buyout strategies, continues to be active and partnering with best-in-class private markets leadership talent, participating in the launch of #healthcare investment firm Invidia Capital Management, founded by former Goldman Sachs Global Head of Private Healthcare Investing, Jo N. GP seeding can be one of the more exciting and economically-rewarding investment strategies for LPs to access the outsized GP management company economics potential beyond just LP commitments as well as the opportunity to back #entrepreneurship in the private markets fund management industry by funding managers at the earlier innings of their fund management journey. This is a strategy with annual yield plus upside that I recommend all limited partners to consider as a portion of their portfolio. I know many #insurancecompanies, #familyoffices both multi and single, #privatebanks and #asian investors seem to appreciate the seeding and #gpstaking investment strategies. GCM Grosvenor's multi-decade experience in middle-market private equity enables the team to find and access emerging managers with the strongest attributes for success to deliver best-in-class net returns to limited partners.
Invidia Capital Management will focus on upper-middle market investment opportunities where it believes cost containment, quality, access, and innovation are well-positioned to address some of the most pressing global healthcare challenges and, consequently, where such assets are best poised for sustained and long-term growth.
As of March 31, 2024, GCM Grosvenor had about $20 billion of assets under management (“AUM”) invested with small and emerging managers and roughly $16 billion of AUM with #diverse managers.
GCM Grosvenor's Elevate strategy has also backed Los Angeles-based Excolere Equity Partners – a leading buyout investor in the #education and human capital management sectors.
Congratulations to all!
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