GCM Grosvenor and SuMi TRUST Forge Expansive Partnership in Private Markets

Deal News | Apr 14, 2025 | Grosvenor Capital Management L

GCM Grosvenor and SuMi TRUST Forge Expansive Partnership in Private Markets

Sumitomo Mitsui Trust Bank (SuMi TRUST) and GCM Grosvenor, a leading global alternative asset manager, have announced a strategic partnership aimed at enhancing their offering of alternative investment products to capitalize on the growing Japanese market. This collaboration seeks to deepen their ties, targeting $1.5 billion in additional assets under management by 2030. The partnership is also marked by SuMi TRUST’s purchase of $50 million in newly issued GCM Grosvenor stock and a $100 million commitment to GCM’s private equity seeding strategy, Elevate. The agreement builds on a relationship established in 2016, enhancing both firms’ global market reach through SuMi TRUST's Japanese presence and GCM Grosvenor’s expertise in private markets.

Sectors

  • Alternative Asset Management
  • Banking and Finance

Geography

  • Japan – SuMi TRUST is Japan-based and the partnership is aimed at expanding in the Japanese market.
  • United States – GCM Grosvenor is headquartered in Chicago, making the US a key geography for the partnership.

Industry

  • Alternative Asset Management – The article revolves around GCM Grosvenor's role as a global alternative asset management solutions provider.
  • Banking and Finance – SuMi TRUST is a leading trust bank in Japan, involved in various finance-related activities such as asset and wealth management.

Financials

  • $1.5 billion – The target amount for additional assets under management from the partnership by 2030.
  • $50 million – Amount SuMi TRUST agreed to purchase in newly issued GCM Grosvenor Class A common stock.
  • $100 million – SuMi TRUST's commitment to GCM Grosvenor’s private equity seeding strategy, Elevate.

Participants

NameRoleTypeDescription
Sumitomo Mitsui Trust Bank (SuMi TRUST)PartnerCompanyA leading trust bank in Japan, part of the SuMi TRUST Group, offering diverse investment products.
GCM GrosvenorPartnerCompanyA global alternative asset management solutions provider, headquartered in Chicago.
Michael SacksChairman and CEO of GCM GrosvenorPersonLeads GCM Grosvenor, contributing to strategic decisions including the SuMi TRUST partnership.
Futoshi ItaniRepresentative Director and Deputy President of SuMi TRUSTPersonKey spokesperson in announcing the strategic partnership with GCM Grosvenor.