Summer 2026
2026 Fund Accounting Operations Summer Intern
Posted on 10/7/2025
GCM Grosvenor
201-500 employees
Global alternative asset manager and advisor
Compensation Overview
$31.25 - $33.65/hr
Chicago, IL, USA
In Person
Office-based internship in Chicago; no remote option mentioned; company headquarters in Chicago but also offices elsewhere.
 Accounting (3) |
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- Pursuing a BA/BS in Accounting/Finance with outstanding academic credentials; applicable coursework or internship in the field of investments or financial markets.
- Knowledge of partnership accounting as well as exposure to financial reporting, auditing, and tax.
- Demonstrated team player; self-starter; independent thinker; excellent judgment.
- Positive mind set with an eagerness to learn and desire to build and improve process.
- Proven ability to work in a fast paced environment with a high level of flexibility, accuracy, and attention to detail.
- Ability to handle multiple tasks simultaneously.
- Good written and verbal communication skills.
- PC experience – advanced knowledge of MS Excel preferred, however, not required.
- Maintain the accounting ledgers for private equity funds and related investment vehicles.
- Review quarterly and annual financial statement valuations utilizing practical expedient.
- Review valuations and cash flows for co-investments.
- Review daily transactions including capital calls and distributions.
- Manage, monitor, and provide guidance to the outsourced accounting providers.
- Reconcile cash balances for current and expected cash flows.
- Facilitate and influence process changes associated with the build-out of a several new business processes.
- Review quarter-end receivables, payables, and foreign translation adjustments.
- Effectively work with other teams throughout the firm, including tax, legal, treasury, client services, etc.
- Support investment and client relationship personnel on ad-hoc requests.
- Facilitate the annual financial statement audit process with the funds’ auditors.
- Assist in special projects as requested.
GCM Grosvenor manages about $76 billion in assets as a global manager of alternative investments, covering hedge funds, private equity, real estate, and infrastructure for pensions, sovereign wealth funds, and high-net-worth individuals. Clients' assets are invested across funds or separate accounts, with investment choices guided by each client’s goals and risk tolerance, and the firm earns management and performance fees on its products and services. The company differentiates itself through its strong emphasis on customization and its global reach across multiple alternative sectors, offering both investment management and advisory services. Its goal is to provide diversified exposure and attractive risk-adjusted returns by constructing and overseeing tailored portfolios of alternative assets.
Company Size
201-500
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
1971
Simplify's Take
What believers are saying
- Michael Albrecht appointed co-head direct infrastructure April 2026.
- Lyndsey Merrill drives MENA expansion leveraging Gulf relationships.
- $625M raised for credit secondaries serving 170+ clients.
What critics are saying
- PGGM withdrew February 2026 causing $2-3B AUM outflows.
- UK Labour reforms ban no-fault evictions slashing £200M JV yields.
- Saudi PIF shifts direct, cuts GCM Grosvenor's $1B+ MENA pipeline.
What makes GCM Grosvenor unique
- Infrastructure platform grew threefold to $19B AUM in five years.
- Customized solutions across private equity, credit, real estate, infrastructure.
- 50+ years specializing in alternatives for pensions, sovereigns, HNWI.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Company News
GCM Grosvenor has appointed Michael Albrecht as managing director and co-head of direct infrastructure investments. He will focus on investment origination, execution and portfolio management across sectors, whilst serving on the firm's Infrastructure Advantage Investment Committee. Albrecht brings over 20 years of infrastructure investment experience. Most recently, he served as managing partner at Ridgewood Infrastructure, leading investments in utilities, water, energy transition and renewable power. He previously held senior roles at Allstate Investments, JPMorgan Asset Management and Altrinsic Global Advisors. GCM Grosvenor's infrastructure platform has grown threefold over five years to approximately $19 billion in assets under management. The firm manages approximately $91 billion across private equity, infrastructure, real estate, credit and absolute return strategies.
GCM Grosvenor hires Michael Albrecht as a Managing Director and co-head of direct infrastructure investments, strengthening firm's Infrastructure capabilities. Apr. 13, 2026, 09:00 AM CHICAGO, April 13, 2026 (GLOBE NEWSWIRE) - GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced that Michael Albrecht has joined the firm as a Managing Director in the firm's Infrastructure business and co-head of the firm's direct infrastructure strategy. In his new role, Albrecht will focus on direct infrastructure investments, including investment origination, execution, and portfolio management across sectors. He will also serve as a member of the firm's Infrastructure Advantage Investment Committee. GCM Grosvenor's infrastructure platform, now approximately $19 billion in assets under management, has grown more than threefold over the past five years, driven by strong client demand for its expansive global sourcing network and demonstrated ability to access distinctive investment opportunities. "Michael's extensive experience in infrastructure investing and strong track record across sectors make him a valuable addition to our team," said Fred Pollock, Chief Investment Officer at GCM Grosvenor. "We are seeing an acceleration of compelling opportunities in infrastructure and believe Michael will play a key role in co-leading and further expanding our direct infrastructure investment capabilities." Albrecht brings more than two decades of infrastructure investment experience to his new role. Most recently, he served as a Managing Partner of Ridgewood Infrastructure, where he led the origination and execution of investments across sectors including utilities, water, energy transition, renewable power, among others. Prior to that, he held senior infrastructure investment roles at Allstate Investments, where he established and led the firm's direct infrastructure investment strategy, as well as at JPMorgan Asset Management and Altrinsic Global Advisors. "I'm excited to join GCM Grosvenor and contribute to the continued growth of the firm's infrastructure platform," said Albrecht. "GCM Grosvenor's global platform and integrated approach position it well to capitalize on attractive opportunities across the infrastructure landscape." Albrecht received an MBA from Cornell University and a Bachelor of Science from Stockton University. He is also a CFA(R) charter holder. About GCM Grosvenor GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $91 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor's experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com. Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post. Sponsored Financial Content
GCM Grosvenor has appointed Lyndsey Merrill as Managing Director on its Business Development team to expand the firm's presence in the Middle East and North Africa. She will focus on sourcing and investing capital across the region. Merrill previously served as Managing Director and Head of Global Business Development at Engine No. 1, where she led capital formation and developed relationships with governments and sovereign wealth funds. She also held senior White House roles, including Special Assistant to the President and Senior Director for Energy and Investment, and served as Financial Attaché to several Gulf states at the US Department of the Treasury. GCM Grosvenor is a global alternative asset management provider with approximately $91 billion in assets under management across private equity, infrastructure, real estate, credit and absolute return strategies.
Lyndsey Merrill joins GCM Grosvenor to expand firm's presence in the Middle East and North Africa. * April 9, 2026 CHICAGO, April 09, 2026 (GLOBE NEWSWIRE) - GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced that Lyndsey Merrill has joined the firm as a Managing Director on its Business Development team, with a specific focus on expanding the firm's presence in the Middle East and North Africa (MENA), including sourcing and investing capital across the region. Merrill brings significant experience across global investment, public policy, and international partnerships. Most recently, she served as Managing Director and Head of Global Business Development at Engine No. 1, where she led capital formation and developed strategic relationships with governments, sovereign wealth funds, and financial institutions globally. Previously, she held senior roles at the White House, including Special Assistant to the President and Senior Director for Energy and Investment, where she led key international initiatives and negotiations across the MENA region and worked closely with regional leaders and sovereign investors. She also served at the U.S. Department of the Treasury as the Financial Attaché to the Kingdoms of Saudi Arabia and Bahrain and the United Arab Emirates and Oman. "Lyndsey's deep experience and strong relationships throughout the MENA region will be invaluable as we continue to expand our presence and partnerships in this important market," said Michael Sacks, Chairman and Chief Executive Officer at GCM Grosvenor. "We are pleased to welcome her to the firm." "The MENA region represents highly compelling potential for long-term investment, and GCM Grosvenor's partnership-driven model is ideally suited for this opportunity," said Merrill. "I look forward to working with the GCM Grosvenor team to deepen relationships across the region and deliver differentiated investment solutions to clients." Merrill holds a Master of Arts in International Relations from Webster University and a Bachelor of Arts in Government and International Politics from George Mason University. About GCM Grosvenor GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $91 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor's experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.
GCM Grosvenor appoints Steven Novick as Managing Director, Business Development, expanding firm's presence in Europe. * March 12, 2026 CHICAGO, March 12, 2026 (GLOBE NEWSWIRE) - GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced that Steven Novick has joined the firm as a Managing Director on its Business Development team. Based in the firm's London office, Mr. Novick will focus on client engagement efforts, supporting the firm's continued growth and expanding relationships with institutional and individual investors across Europe, where it manages $10.4 billion of AUM across more than 40 clients. Mr. Novick brings more than 20 years of private markets fundraising and origination experience across private equity, credit, and infrastructure. He has raised capital from institutional and individual investors globally throughout his successful career. In his new role, he will support clients with access to differentiated alternative investment strategies and contribute to the firm's ongoing growth initiatives by leveraging his global relationships while focusing on opportunities in Europe, including the Nordic region. "We are pleased to welcome Steven to GCM Grosvenor," said Jon Levin, President of GCM Grosvenor. "His extensive fundraising experience, longstanding investor relationships and entrepreneurial mindset will be instrumental as we continue to broaden our European client partnerships and deliver tailored alternative investment solutions." Prior to joining GCM Grosvenor, Mr. Novick served as Senior Advisor to Valeas Capital, a growth-buyout firm, where he helped shape capital formation strategy and source strategic limited partners. Earlier in his career, Mr. Novick was a Managing Director at Crescent Capital and held senior roles at Coller Capital, Credit Suisse, and Merrill Lynch. "I am excited to join GCM Grosvenor," said Mr. Novick. "The firm's long-standing reputation, global platform and breadth of alternative investment capabilities position it well to serve the evolving needs of investors. I look forward to deepening existing partnerships and building new relationships." Mr. Novick holds a B.A. in Economics and History from New York University. About GCM Grosvenor GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $91 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor's experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.