GCM Grosvenor has secured $1.2bn for its first dedicated strategy focused on private credit secondaries, as growing demand for liquidity creates new opportunities in the expanding private credit market, according to a report by Bloomberg.
The Chicago-based alternative investment manager is targeting a segment it expects to develop alongside the broader private credit industry, which has grown to approximately $1.8tn in assets.
Steve McMillan, head of credit research at GCM Grosvenor, said the de...
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