GCM Grosvenor (GCMG) started a joint venture with Grove Lane Partners to create a individual investor distribution platform focusing on registered investment advisors, independent broker-dealers and family offices.
The venture will be led by Ryan Chapman, who previously worked at Blackstone (BX) and developed distribution strategies for private market services, GCM Grosvenor said Tuesday in a statement.
GCM Grosvenor holds a minority stake in the venture with the option to acquire full ownership in the future.
Price: 13.09, Change: +0.07, Percent Change: +0.51
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.