Alternatives

Grosvenor appoints director to expand emerging, diverse manager platform

Renae Griffin joined alternative investment manager Grosvenor Capital Management as director with responsibility for expanding the firm's small, emerging and diverse manager investment platform.

In the new position, Ms. Griffin will work with institutional investors to expand their investment in emerging and diverse money managers running alternative investment strategies, a news release from the company said.

Ms. Griffin was CEO of RG + Associates, a marketing and business development consulting firm assisting emerging, minority and women-owned money managers. Grosvenor will incorporate RG + Associates' annual emerging and diverse manager conferences into its own existing small and emerging managers conference, according to the release.

Ms. Griffin, who started in late December, declined to comment on the future of RG + Associates.

"This is a perfect fit. Renae has effectively convened LPs, GPs and other stakeholders to address the important issues associated with small, emerging and diverse asset managers. Addressing these issues and driving outcomes is a highly valued part of GCM Grosvenor's work," said Michael J. Sacks, chairman and CEO, in the release.

Grosvenor manages about $50 billion in alternative investment strategies, including hedge funds of funds and private equity.