GCM Grosvenor announced that a special meeting of stockholders of CF Finance Acquisition Corp. ("CFAC") will occur on November 3, 2020 to approve the proposed business combination between GCM Grosvenor and CFAC, a special purpose acquisition company sponsored by Cantor Fitzgerald. The firm also announced the members of its Board of Directors, who will assume their positions with GCM Grosvenor upon completion of the business combination. The members of GCM Grosvenor's newly constituted Board of Directors will include Angela Blanton, Dr. Francesca Cornelli, Stephen Malkin, Blythe Masters and Samuel Scott III. These individuals will join Michael Sacks, Chairman and CEO of GCM Grosvenor, and Jon Levin, GCM Grosvenor's President, on the post-transaction Board. Angela Blanton has served as Carnegie Mellon University's vice president for Finance and chief financial officer since 2017 after serving as interim vice president and chief financial officer in 2016. Dr. Francesca Cornelli is the dean of Northwestern University's Kellogg School of Management, a position she has held since August 1, 2019. She is also a professor of finance and holds the Donald P. Jacobs Chair in Finance. Stephen Malkin is the President of Ranger Capital Corporation, a position he has held continuously since departing from his position as a senior executive of GCM Grosvenor in 2005. Blythe Masters is an experienced financial services and technology executive and currently an Industry Partner at the private equity and venture capital firm Motive Partners. From March 2015 until December 2018, she was the chief executive officer of Digital Asset. Ms. Masters was previously a senior executive at J.P. Morgan, which she left in 2014 following the sale of the physical commodities business that she built. Samuel C. Scott III has served on the board of directors of BNY Mellon since 2003, where he currently serves as a member of its Audit Committee, its Human Resources and Compensation Committee and is the chairperson of its Corporate Governance, Nominating & Social Responsibility Committee.
GCM Grosvenor Inc. is an alternative asset management solutions provider. It invests on a primary basis and through direct-oriented strategies, which it defines as secondaries, co-investments, direct investments and seed investments. It operates customized separate accounts and commingled funds. It collaborates with its clients to invest on their behalf across the private and public markets, either through portfolios customized to meet a client's specific objectives or through specialized commingled funds that are developed to meet market demands for strategies and risk-return objectives. It operates through private markets and absolute return strategies. Private markets and absolute return strategies are primarily defined by the liquidity of the underlying securities purchased, the length of the client commitment, and the form and timing of incentive fees. Its investment strategies include Infrastructure, Real Estate, Alternative Credit, Sustainable and Impact Investing, and others.