Grosvenor Capital Management L.P. acquired Customized Fund Investment Group from Credit Suisse Private Equity, LLC.
January 02, 2014 at 04:00 am
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Grosvenor Capital Management L.P. entered into an agreement to acquire Customized Fund Investment Group from Credit Suisse Private Equity, LLC on August 1, 2013. CFIG will operate as a subsidiary of Grosvenor and maintain its New York headquarters. Post acquisition, Customized Fund Investment Group will be renamed the GCM Customized Fund Investment Group. All senior members of management of Customized Fund Investment Group will join the combined firm and have signed long-term commitments to remain with the combined firm.
Goldman Sachs & Co. acted as financial advisor for Grosvenor and Credit Suisse's Investment Bank acted as financial advisor for Credit Suisse's Private Banking & Wealth Management division. Evercore acted as financial advisor for Customized Fund Investment Group's management team. Gary Horowitz, Ariel Oxman, Sharo Atmeh, Matt Gabbard, Jihyun Chung, Nancy Mehlman, Drew Purcell, David Rubinsky, Doug Tang, Brittany McCants, Marcela Robledo, James Cross, Adam Shapiro, Julia Van de Walle and Summer associate Derek Stueben of Simpson Thacher & Bartlett LLP, Foley & Lardner LLP and David R. Sawyier , Daniel F. Spies, Christopher P. Lokken, Julie R. Klaff and Jonah O. Roth of Sidley Austin LLP acted as the legal advisors to Grosvenor. Michael D. Dorum, Ralph Arditi, Richard T. Prins, David E. Schwartz, Robert A. Copen, Stuart D. Levi and Victor Hollender of Skadden, Arps, Slate, Meagher & Flom, L.L.P. acted as the legal advisors for Credit Suisse Group. Morgan, Lewis & Bockius LLP acted as legal advisor for Customized Fund Investment Group's management team. Tom Johnson and Pat Tucker of The Abernathy MacGregor Group acted as public relations advisor for Grosvenor. Alex Brown and Clare Adam of Simmons & Simmons acted as legal advisor for Credit Suisse Private Equity, LLC.
Grosvenor Capital Management L.P. completed the acquisition of Customized Fund Investment Group from Credit Suisse Private Equity, LLC on January 2, 2014.
GCM Grosvenor Inc. is an alternative asset management solutions provider. It invests on a primary basis and through direct-oriented strategies, which it defines as secondaries, co-investments, direct investments and seed investments. It operates customized separate accounts and commingled funds. It collaborates with its clients to invest on their behalf across the private and public markets, either through portfolios customized to meet a client's specific objectives or through specialized commingled funds that are developed to meet market demands for strategies and risk-return objectives. It operates through private markets and absolute return strategies. Private markets and absolute return strategies are primarily defined by the liquidity of the underlying securities purchased, the length of the client commitment, and the form and timing of incentive fees. Its investment strategies include Infrastructure, Real Estate, Alternative Credit, Sustainable and Impact Investing, and others.
GCM GROSVENOR INC. 
