GCM Grosvenor hires Steven Novick as Managing Director to expand $10.4B European business
GCM Grosvenor named Steven Novick as Managing Director to support growth in Europe, where the firm oversees $10.4 billion in assets for 40 clients. Novick’s 20+ years of private markets fundraising experience across private equity, credit and infrastructure will target new institutional investor partnerships, including the Nordic region.
1. Appointment Details
GCM Grosvenor has appointed Steven Novick as a Managing Director on its Business Development team. Based in London, he will lead client engagement efforts to support the firm’s ongoing growth and strengthen relationships with institutional and individual investors across Europe.
2. European Business Impact
The firm currently manages $10.4 billion in assets for 40 European clients. Novick will focus on leveraging differentiated alternative investment strategies to drive further asset inflows and deepen regional market penetration, with particular attention to opportunities in the Nordic region.
3. Novick's Background
Novick brings over 20 years of private markets fundraising and origination experience across private equity, credit and infrastructure. His previous roles include senior positions at Valeas Capital, Crescent Capital, Coller Capital, Credit Suisse and Merrill Lynch, where he built global investor networks.