CF Finance Acquisition completed the merger with GCM Grosvenor in a $2bn deal.

CF Finance Acquisition, a special purpose acquisition company sponsored by Cantor Fitzgerald, a financial services firm, completed the merger with GCM Grosvenor, a global alternative asset management firm, in a $2bn deal. As of closing, the combined company received a $225m investment from institutional investors ($195m) and Cantor Fitzgerald ($30m). GCM Grosvenor management own over 70% of the combined company. "We believe that becoming a publicly listed company will benefit our clients, our team members and all of our stakeholders. We have long valued having external shareholders and we wanted to preserve the accountability and focus that comes with that. We thank the H&F team for their partnership and support over the years and look forward to welcoming our public shareholders in this next chapter of our 50-year corporate history," Michael J. Sacks, GCM CEO and Chairman.