10:25 AM EST, 01/23/2025 (MT Newswires) -- GCM Grosvenor ( GCMG ) said Thursday its Elevate Fund has completed its final close with nearly $800 million in committed capital.

Launched in 2023, the fund makes seed investments in small and emerging private equity firms focused on lower and middle-market buyout strategies across industries, the company said.

Elevate plans to make two to three additional investments in 2025, it added.

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