CalPERS Commits $80 Million to Grosvenor for CA Mezzanine Program

Posted on 11/06/2014

The California Public Employees’ Retirement System (CalPERS) has committed US$ 80 million to Chicago-based GCM Grosvenor. The new commitment will be funneled through a direct investment vehicle before the close of 2014. The vehicle, California Mezzanine Investments, will use mezzanine debt to finance California companies. The fund will be managed by Grosvenor’s Private Markets unit. […]