GCM Grosvenor Elevate Fund Holds Final Close at Nearly $800 Million, the Largest Debut Private Equity Seeding Fund of Its Kind, Signaling Strong Continued Support for Small and Emerging Firm Founders

CHICAGO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management firm, today announced its inaugural Elevate Fund (“Elevate”) has completed its final close with nearly $800 million in committed capital. Launched in 2023, Elevate makes catalytic seed investments in small and emerging private equity firms, focused on lower- and middle-market buyout strategies across industries.