OlivePoint Welcomes GCM Grosvenor as a New Strategic Investor
26 June 2024 - 9:00PM
Business Wire
GCM Grosvenor Commits $50 Million to
OlivePoint’s Latest Investment Fund
OlivePoint, a private real estate investor, today announced that
GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management
solutions provider with $79 billion of assets under management, has
committed, on behalf of various U.S. Pension Plans, $50 million to
OlivePoint’s latest investment fund.
The investment is being made through GCM Grosvenor’s Real Estate
platform, which provides catalytic seed capital to emerging real
estate investors to help launch and scale their investment
businesses. OlivePoint was founded in 2022 by Adrian Bejarano, John
Bruno, and Ricardo Goldberg. The trio have worked together in the
institutional investment management industry for over a dozen years
and have collectively invested over $4.5 billion of equity across
more than 100 real estate transactions.
OlivePoint invests opportunistically in select markets across
the U.S. with a flexible mandate across sectors and throughout the
capital stack. The firm combines extensive data analytics and
technology while leveraging the team’s proven operational and
institutional expertise to drive value creation at the asset level.
OlivePoint seeks to capitalize on high conviction opportunities
created by the current high interest rate market environment.
Since its inception, OlivePoint has managed capital on behalf of
family offices in the U.S. This investment will allow the firm to
seed its first institutional fund. The firm also has a growing
footprint in Latin America and has developed a specialized platform
to provide international investors access to U.S. real estate
investments.
Peter Braffman, Managing Director at GCM Grosvenor, said, “We
are excited to strategically partner with the OlivePoint team to
invest in opportunistic real estate assets across the U.S. Over the
course of their careers, Adrian, John, and Ricardo have
demonstrated the ability to thoughtfully manage risk and protect
their investors’ capital while identifying unique opportunities. As
such, we believe OlivePoint can potentially create meaningful alpha
for our investors in today’s challenging market environment.”
GCM Grosvenor's Real Estate platform, established over 15 years
ago, manages over $6 billion in assets and focuses on middle-market
opportunities. The platform utilizes seed investments, joint
ventures, and other strategic partnership tools to provide flexible
investment solutions across the capital stack. This approach
enables diversified exposure with robust growth potential,
underscoring GCM Grosvenor's commitment to value creation for
investors.
Adrian Bejarano, John Bruno, and Ricardo Goldberg, Co-Founders
and Managing Partners of OlivePoint, added, “We are pleased to
welcome GCM Grosvenor as a strategic investor, and we are grateful
for their support and the confidence they are placing in us to
invest on behalf of their institutional clients. This investment is
a powerful endorsement of our investment strategy and our proven,
experienced team. We are looking forward to a long and successful
partnership with the GCM Grosvenor team.”
About OlivePoint
OlivePoint is a private real estate investment manager, and
operator focused on using data analytics to identify and invest in
markets that extensive analysis suggests should deliver strong
long-term risk-adjusted returns. The firm has approximately $400
million of assets under management. For more information, please
visit: olivepointcapital.com.
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset
management solutions provider with approximately $79 billion in
assets under management across private equity, infrastructure, real
estate, credit, and absolute return investment strategies. The firm
has specialized in alternatives for more than 50 years and is
dedicated to delivering value for clients by leveraging its
cross-asset class and flexible investment platform. GCM Grosvenor’s
experienced team of approximately 550 professionals serves a global
client base of institutional and individual investors. The firm is
headquartered in Chicago, with offices in New York, Toronto,
London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. For more
information, visit: gcmgrosvenor.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240626839542/en/
Media: Mike Geller Prosek Partners (on behalf of
OlivePoint) mgeller@prosek.com
Tom Johnson and Abigail Ruck H/Advisors Abernathy (on behalf of
GCM Grosvenor) tom.johnson@h-advisors.global /
abigail.ruck@h-advisors.global
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