PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Grosvenor Capital Management acquires CFIG from Credit Suisse

Grosvenor Capital Management and its affiliates have acquired Customized Fund Investment Group (CFIG) from Credit Suisse Group AG.

The combined business, with more than USD44bn in assets under management and over 375 professionals, will be one of the largest of its kind in the world.
 
"We are very pleased to complete our acquisition of CFIG. We are confident that the transaction fundamentally strengthens our platform and makes us a more valuable partner for our clients," says Michael Sacks, chief executive officer of Grosvenor. "Together, we will offer clients the ability to access the entire alternative investments landscape. And importantly, our core values are aligned with CFIG's. Both groups focus on investment performance, customised solutions that meet the unique needs of a global investor base, and comprehensive, transparent client service."
 
"The CFIG team is thrilled to join Grosvenor, with its industry-leading investment capabilities, experienced management team and strong commitment to clients," says Kelly Williams, formerly managing director and group head of CFIG, who will serve as president of GCM Customized Fund Investment Group and report to Sacks. "Our clients will have access to a broad range of alternative investment products and solutions, supported by Grosvenor's best-in-class operational infrastructure. We are excited about becoming part of the Grosvenor culture, which is team-oriented and always puts the needs of clients first."
 
GCM CFIG will be a subsidiary of Grosvenor and will operate as Grosvenor's private markets business alongside Grosvenor's existing public markets hedge fund business. The entire GCM CFIG management team will join Grosvenor and the business will maintain its primary office in New York.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured