The transaction has been unanimously approved by the board of directors of CFAC and was approved at a special meeting of CFAC shareholders Nov. 3. GCM Grosvenor’s management uses these non-GAAP measures to evaluate GCM’s projected financial and operating performance. Parekh is responsible for deal sourcing, investment due diligence and execution, and client portfolio construction and management. Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by CFAC through the website maintained by the SEC at www.sec.gov. Focused on the hospitality industry, the SPAC is led by CEO and Chairman Edward Scheetz,… Forward-looking statements speak only as of the date they are made. Michael has 6 jobs listed on their profile. Get detailed information on GCM GROSVENOR INC (GCMG.NQ) including stock quotes, financial news, historical charts, company background, company fundamentals, company financials, insider trades, annual reports and historical prices in the Company Factsheet. This press release also includes reference to certain projections of non-GAAP financial measures. He leads GCM Grosvenor’s European infrastructure business and is located in the London office. Grosvenor Capital Management, L.P. is a privately owned hedge fund sponsor. Sidley Austin LLP advised Alaska Communications on the deal. GCM Grosvenor Inc. (GCMG) Dividend yield: annual payout, 4 year average yield, yield chart. How the SPAC Boom Could Spill Over Into Private Equity, The Return of Travel Could Drive Oil in 2021, Modern Slavery Act Transparency Statement. This press release contains reference to financial forecasts with respect to GCM Grosvenor’s projected financial results. Subscribe to our email alerts for just £14.95 (approximately $19) per month with no contract! These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Interest in the so-called ‘blank check’ companies has surged during the pandemic from investors seeking easier ways to fund IPOs. CF Acquisition Corporation IV began trading this past week after raising $450mm in their upsized IPO. By subscribing you'll also gain access to articles earlier and gain full access to our SPAC YouTube gallery with content from all your favourite SPAC YouTubers! These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would” and similar expressions. In 2011, GCM Grosvenor also began to implement the strategy of investing in infrastructure funds (primary and secondary) and infrastructure co-investments. GCM Grosvenor is merging with a special purpose acquisition company in a deal that will take the Chicago asset manager public. SPACs are called blank check companies as they raise money from investors that can then be used by the SPAC to take any private company public. Sort by. GCM Grosvenor, a global alternative asset management firm, and CF Finance Acquisition Corp. ("CFAC") (NASDAQ: CFFA) announced today that they have completed their business combination. In infrastructure, GCM Grosvenor pursues a global total return strategy for the Fund while also seeking current cash and “J-curve” mitigation, with an emphasis on North American infrastructure and other U.S. dollar-based investments. Grosvenor Capital Management is set to become a publicly traded company through a merger with a Cantor Fitzgerald SPAC. New SPAC - $CAPA/$CAPAU $100M IPO - Highcape Capital Acquisition Corp. … report. GCM Grosvenor announced on August 3, 2020 that it will become a public company through a merger with CF Finance Acquisition Corp. (“CFAC”) (NASDAQ: CFFA), a special purpose acquisition company sponsored by Cantor Fitzgerald. GCM Grosvenor will combine with CF Finance Special Acquisition Corp, a SPAC backed by Cantor Fitzgerald, according to an announcement from both companies on Monday. Grosvenor Capital Management, L.P. is not affiliated in any manner with Grosvenor Group Limited, a company that is headquartered in the United Kingdom. GCM Grosvenor Inc - S-1 IPO Investment Prospectus. Reference the prospective financial information in this press release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. CHICAGO, IL – September 18, 2020 – GCM Grosvenor today reported its results for the second fiscal quarter ended June 30, 2020, including GAAP Net Income of $5.9 million, Adjusted Pre-Tax Income of $19.8 million, Adjusted EBITDA of $26.2 million and Adjusted Fee-Related Earnings of $25.1 million, all of which increased over prior quarter ended March 31, 2020. GCM Grosvenor Inc. Class A Common Stock (GCMG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. The combined company will operate as GCM Grosvenor Inc. and expects its Class A common stock to be listed on the NASDAQ stock exchange. Alaska Communications skyrockets after announcing agreement to be acquired by Macquarie Capital and GCM Grosvenor for $3.0 per share Nov. 03, 2020 6:16 … GCM Grosvenor Inc. (GCMG) Dividend yield: annual payout, 4 year average yield, yield chart. 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