Real Estate

Real Estate

We target middle-market opportunities through open architecture investments focused on capturing fee alpha and value creation

Overview

Our real estate investments platform provides a differentiated access point to the real estate investment market. We target exposure to opportunistic middle-market real estate through economically efficient structures including seed investments, joint ventures, and co-investments, as well as fund investments on a primary and secondary basis. Our open architecture platform is focused on capturing fee alpha and value creation at all levels of real estate ownership and can flexibly invest across the capital stack at the property, portfolio, and entity levels.

11+

years investing in real estate

$3.5+ bn

assets under management

1,400+

underlying investments 1

60+

principal investments

How We Invest

Seeding Strategies

Capital for early stage managers through programmatic joint ventures or anchor investments to help launch commingled funds in return for preferential economics inclusive of revenue shares.

Joint Ventures

Investments with talented operators and allocators who specialize in a particular market or asset class with a focus on niche and nascent strategies.

Co-Investments

Investments made directly into an asset or portfolio alongside a manager's fund or other investment vehicle.

Fund Investments​

Investments in a manager's commingled fund vehicle, either on a primary or secondary basis.

Experienced real estate investors

Dedicated team with extensive direct investing experience throughout the risk spectrum

Middle Market Focus

Seeking to capitalize on the fragmented middle market with higher entry yields and discounted pricing to provide differentiated, complementary exposure

Open Architecture Investing

Flexible investment approach with the ability to invest via a variety of structures including joint ventures and seed investments, co-investments, secondaries, and fund investments.

Value-add Partners for Growth

Early investments with managers seek to reduce the overall fee load, generate fee alpha, and grow alongside managers by sharing in the economics of seeded managers

AUM data as of September 30, 2021 and includes real estate investments made prior to the forming of our dedicated real estate team in 2010. Other data as of March 31, 2021.

 

1 Underlying investments as of December 31, 2020. Investor commitments represent Limited Partner commitments to separate accounts only since 2010. Number of investments represents deals made since 2010 when the Real Estate team was founded. This list represents a subset of managers with whom we have invested. The inclusion of a fund manager or firm on this list does not mean that any fund raised by such manager or firm will offer investment opportunities during the life of the fund, that such manager endorses an investment in the fund, or that GCM Grosvenor will be able to secure a portion of any available investment opportunities for the fund.

 

No assurance can be given that any investment will achieve its objectives or avoid losses. Unless apparent from context, all statements herein represent GCM Grosvenor’s opinion.