One week after Labor Day, GCM Grosvenor announced the final close for its Labor Impact Fund with $893 million in capital, which is at the high end of its targeted range.
The new Labor Impact fund is focused on originating and executing on infrastructure projects that leverage the inclusion of union labor as a contributing factor to earning investment returns. The investors are completed via close cooperation across labor, government and private capital, according to officials.
The $57 billion firm boasts a network of manager relationships, industry partners as well as those in government and . . .
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