GCM Grosvenor Elevate Strategy

Descriptive Transcript

The video opens with soft background music playing and “GCM Grosvenor Elevate Strategy: GP Seeding as an Institutional Asset Class” appearing on the title slide with the GCM Grosvenor logo in the bottom right corner.

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Elizabeth Browne: We are asked a lot, why does a GP take a seed?

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Elizabeth Browne: But probably more importantly,

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The video changes to show Elizabeth Browne talking in front of a dark blue curtain backdrop.
Elizabeth Browne: why does a superstar GP take a seed?

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The video transitions to a greyed out cityscape background with “Why Does a GP Take a Seed?” in a blue diamond on the righthand side of the screen.

Elizabeth Browne: Why do the best GPS take a seed?

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Elizabeth Browne: The best founders are finding

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The video changes to the same greyscale cityscape but the text “Significantly de-risk firm build, Provide market credibility with institutional backing, receive consultative, non-investment support, Financial backing to hire and retain top tier talent early” appears in bulleted format.
Elizabeth Browne: that if they can bring in a minority seed partner

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Elizabeth Browne: who can both significantly de-risk the entire firm build,

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Elizabeth Browne: provide market credibility with institutional backing,

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Elizabeth Browne: advise across the suite of things

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Elizabeth Browne: that they know are required to be effective fiduciaries

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Elizabeth Browne: for their clients and market,

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The video changes back to Elizabeth in front of the blue curtain backdrop.
Elizabeth Browne: and simultaneously provide enough scale capital,

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Elizabeth Browne: but also the mix of scale capital across the component piece

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Elizabeth Browne: of their business that will allow them to succeed,

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Elizabeth Browne: that that’s a game changer both in, in terms of accelerating

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Elizabeth Browne: and turbocharging their prospects for success and growth,

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Elizabeth Browne: but also in retaining top tier talent at the outset,

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Elizabeth Browne:

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Elizabeth Browne: and a half year duration to bring on the right talent.

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The video changes to a greyed out ticker moving, with “GCM Grosvenor Private Equity Platform”, “$30B AUM, 500+ Manager Relationships, and 1200+ Private Equity Investments” appearing on screen in bulleted format.
Elizabeth Browne: Grosvenor occupies, humbly, a very unique seat in the landscape.

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Elizabeth Browne: The fact that we have a $30 billion private equity business

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The video changes back to Elizabeth in front of the blue curtain backdrop.
today, that we have visibility
Elizabeth Browne:
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Elizabeth Browne: and the breadth of relationships with hundreds

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Elizabeth Browne: of different buyout firms, means especially given the

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Elizabeth Browne: maturity of private equity as an asset class,

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Elizabeth Browne: that we have had disproportionately good visibility into the

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Elizabeth Browne: value chain of emerging managers for a long time

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Elizabeth Browne: in the way that’s unique.

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The video changes to show Dianna Henrich sitting at a desk in front of a blue curtain backdrop.
Dianna Henrich: We provide catalytic capital to these firms

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The video changes to a greyed out video of a busy city street with “GCM Grosvenor Elevate Strategy”, “Empowering firm founders to successfully launch and scale their firms, building a more innovative and inclusive investment ecosystem” appearing on screen.
Dianna Henrich through commitment to their fund, co-investment capital,

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Dianna Henrich and also potentially working capital. In return for all

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Dianna Henrich of those efforts and capital,

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Dianna Henrich we’re taking a minority partnership

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The video changes back to Dianna in front of the blue curtain backdrop.
Dianna Henrich interest in the underlying gp.

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Dianna Henrich That means that our investors get the benefit

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Dianna Henrich of regular way PE returns,

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Dianna Henrich but also the additional opportunity for incremental return

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Dianna Henrich through direct ownership in these firms or a revenue share.

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The video changes to Elizabeth talking in front of the blue curtain backdrop.
Elizabeth Browne: And lastly, in our view, GP seeding has potential

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to follow the same glide path
Elizabeth Browne:
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Elizabeth Browne: that the GP stakes market has followed

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Elizabeth Browne: so catalytically over the course of the last 10 years.


The video ends with “We look forward to the opportunity of 2024.” “For more information on GCM Grosvenor’s Elevate Strategy please email us at: [email protected]” appearing on screen.


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