Key facts
- GCM Grosvenor has raised $1.2 billion for a new credit secondaries fund.
- This is the firm's first dedicated strategy for credit secondaries.
- The firm anticipates market growth due to the expansion of private credit.
GCM Grosvenor has raised $1.2 billion for its first dedicated fund strategy focused on credit secondaries. The Chicago-based alternative asset manager is positioning for growth in a market it expects to expand alongside the broader private credit industry, which has recently grown to $1.8 trillion. The firm was previously a backer of a $1.2 billion private debt deal with Guggenheim Investments.