The Firm is representing Grosvenor Capital Management, L.P. (“Grosvenor”) in connection with its announced agreement to acquire Customized Fund Investment Group ("CFIG") from Credit Suisse Group AG (NYSE: CS). Following the completion of the transaction, CFIG will be renamed the GCM Customized Fund Investment Group, and will operate as a subsidiary of Grosvenor and maintain its New York headquarters. The combined firm will have over $40 billion in assets under management and 400 professionals across the globe. Terms of the transaction were not disclosed.
Grosvenor, with offices in Chicago, New York, Tokyo, Hong Kong and London, is one of the world's largest discretionary allocators to hedge funds and invests approximately $23 billion on behalf of its global client base across a broad range of alternative investment strategies. CFIG is a leading global private equity, infrastructure and real estate investment management company with approximately $18 billion of assets under management and 11 offices around the world.
The Simpson Thacher team includes Gary Horowitz, Olga Gutman, Ariel Oxman, Sharo Atmeh, Matt Gabbard and Jihyun Chung (M&A); Nancy Mehlman and Drew Purcell (Tax); David Rubinsky, Doug Tang and Brittany McCants (ECEB); Marcela Robledo (Intellectual property); and James Cross and Julia Van de Walle (Credit). Summer associate Derek Stueben also provided valuable assistance.