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CHICAGO, October XX, 2020 – GCM Grosvenor (“GCM”), a global alternative asset management firm, together with White Summit Capital (“WSC”), investor and asset manager specialized in the infrastructure and energy sectors, announced today that a definitive agreement was signed to dispose its 29.9% equity interest in I-77 Mobility Partners Holding (“I-77”) to Cintra Infraestructuras, John Laing Group and Aberdeen, for $155 million in cash plus an earn-out.

I-77 Mobility Partners owns and operates a 26-mile managed lane project on I-77 near Charlotte (USA) through a 50-year public-private partnership contract granted in 2014 by the North Carolina Department of Transportation (“NCDOT”). The managed lane opened in 2019 and is expected to enhance mobility and travel time reliability in the I-77 corridor.

Commenting on the closing, XXX from GCM, said, “We are pleased to be able to recycle capital from road infrastructure assets under ramp up phase into new accretive investments”.

XXX from WSC, said, “It has been a pleasure to contribute to the I-77 managed lane project, that will help the community by reducing the congestion levels in the area”.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm with over $57 billion in assets under management in hedge fund strategies, private equity, infrastructure, real estate and multi-asset class solutions. GCM is one of the largest, most diversified independent alternative asset management firms worldwide, and has offered alternative investment solutions since 1971. The firm is headquartered in Chicago, with offices in New York, Los Angeles, London, Tokyo, Hong Kong and Seoul, serving a global client base of institutional and high net worth investors.

About White Summit Capital

WSC is an investor and asset manager specialized in the infrastructure and energy sectors and focused on originating, executing, and investing in off-market transactions with superior risk/return profiles. We co-invest with our partners, having deployed over EUR 1.3 billion of equity in 5 different assets, and we manage the investments for the long term. WSC is headquartered in Zug, Switzerland with offices in Madrid, London and Mexico City and a total of 12 investment professionals.