GCM Grosvenor Completes Second Close of Structured Credit Secondaries Fund, Raising $625 Million

GCMG
February 24, 2026

GCM Grosvenor completed the second close of its Structured Credit Secondaries Fund, raising total commitments to $625 million. The vehicle offers investors access to a diversified portfolio of credit secondaries, with participation through equity or debt in a rated structure that provides transparent risk assessment.

The second close follows the firm’s broader credit platform, which manages approximately $16 billion for more than 170 clients and evaluates over 1,000 investment opportunities each year. The new capital strengthens GCM Grosvenor’s ability to deploy resources across private credit and infrastructure, sectors that have seen robust growth.

The fund’s success reflects sustained demand for credit secondaries, a market that has expanded in recent years. GCM Grosvenor’s structured solution adds a flexible, resilient product for both institutional and individual investors seeking diversified credit exposure.

"Closing this structured solution demonstrates the strength and breadth of our credit platform. Our scale, diversification and structuring flexibility are designed to meet the needs of a broad range of investors, including, but not limited to, insurance firms, who are seeking flexible and resilient ways to access credit opportunities," said Jon Levin, president of GCM Grosvenor.

The capital raised will support the firm’s distribution expansion through its Grove Lane joint venture, which targets individual investors, and its partnership with Sumitomo Mitsui Trust Bank in Japan, positioning GCM Grosvenor to capture additional fee‑earning opportunities in the coming years.

GCM Grosvenor’s fundraising momentum is evident in 2025, when the firm raised $1.9 billion in new capital in Q3 and $10.7 billion for the full year, a 49 % increase from the previous year. The second close of the Structured Credit Secondaries Fund adds to this trajectory, underscoring the firm’s growing influence in the credit secondaries market.

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