GCM Grosvenor's experienced team of approximately 500 professionals serves a global client base of institutional and high net worth investors. The firm is in its 50 th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes. GCM Grosvenor is a global alternative asset management solutions provider with assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. served as placement agents for the PIPE financing. Hughes Hubbard & Reed LLP and Ellenoff Grossman & Schole LLP served as legal counsel to CFAC. acted as financial and capital markets advisor to CFAC and The Klein Group, LLC acted as M&A advisor to CFAC. Latham & Watkins LLP served as legal counsel to GCM Grosvenor.Ĭantor Fitzgerald & Co. Morgan served as exclusive financial advisor to GCM Grosvenor on the business combination and William Blair & Company served as capital markets advisor to GCM Grosvenor. At the completion of the transaction, GCM Grosvenor management owns in excess of 78% of the equity interests of the combined company. The cash held in CFAC's trust account, together with the $195 million in PIPE proceeds and $30 million investment from Cantor Fitzgerald, will be used to purchase shares from certain GCM Grosvenor pre-transaction equity holders, reduce GCM Grosvenor's existing indebtedness, fund GCM Grosvenor's future growth, and pay transaction expenses. 'We have long believed that we succeed when our clients succeed, and we look forward to continuing to serve our clients while building value for our public shareholders.' 'We are excited to build upon our five decades as a leader in providing alternative asset management solutions to our clients,' said Michael Sacks, GCM Grosvenor's Chairman and CEO. GCM Grosvenor is a leading alternative solutions provider with assets under management across private equity, infrastructure, real estate, credit and absolute return investment strategies. The Class A common stock of the combined company, which will operate as GCM Grosvenor Inc., is scheduled to begin trading on The Nasdaq Capital Market under the ticker 'GCMG' beginning on November 18, 2020. ('CFAC') (NASDAQ: CFFA) announced today that they have completed their business combination. 17, 2020 /PRNewswire/ - GCM Grosvenor, a global alternative asset management firm, and CF Finance Acquisition Corp.

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