Alternative investment manager Grosvenor Capital Management is set to become a publicly traded company through a merger with CF Finance Acquisition Corp., a special purpose acquisition company sponsored by Cantor Fitzgerald.
About 30% of Grosvenor shares will be publicly traded and the firm’s management will own the remainder of the equity shares of the combined company “consistent with their historic ownership level of the firm,†according to a Grosvenor news release.
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