Private equity firm Grant Avenue Capital LLC finalized a strategic partnership with East Rock Capital LLC and GCM Grosvenor.
New York City-based investment firm East Rock Capital manages about $2 billion on behalf of a select group of high-net-worth families, while global alternative asset manager, GCM Grosvenor has $57 billion in AUM in hedge fund strategies, private equity, infrastructure, real estate and multi-asset class solutions.
Grant Avenue Capital invests in companies generating about $5 million to $25 million of EBITDA. The company will continue to target investments in midsize healthcare companies.