GCM GROSVENOR CORE ABSOLUTE RETURN FUND II, LLC
This is a routine quarterly liquidity offer for a closed-end fund with no secondary market. Monitor the final tender results after the October 27, 2026 expiration to gauge investor demand and the fund's ability to meet redemptions without material portfolio disruption.
Executive Summary
GCM Grosvenor Core Absolute Return Fund II, LLC is launching a quarterly issuer tender offer to repurchase up to $16 million of its outstanding shares at net asset value as of December 31, 2026. The offer provides a scheduled liquidity window for investors in this closed-end fund, which has no secondary market for its shares. The repurchase represents approximately 22.4% of the fund's estimated $71.5 million in net assets as of September 1, 2026.
Key Financial Metrics
Key Facts
- Fund offers to purchase up to $16,000,000 in outstanding shares at NAV as of December 31, 2026
- Offer expires October 27, 2026, unless extended
- No minimum tender condition; partial tenders subject to $25,000 minimum account balance
- Payment via non-interest bearing promissory note: initial payment of at least 95% of NAV within 35 days of Valuation Date, contingent balance within 120 days
- Funding sources: cash on hand, capital withdrawals from underlying investment funds, portfolio securities sales, or borrowings
- Shares are not traded on any market and transfers are restricted
- Previous tender offer expired July 27, 2026
- Adviser and affiliates own approximately 0.05% of outstanding shares; no executive officers or directors own shares
Financial Impact
Up to $16,000,000 repurchase, representing ~22.4% of the fund's ~$71.5 million net assets as of September 1, 2026
Risk Factors
- If oversubscribed, tenders may be accepted on a pro-rata basis or the fund may increase the offer amount
- Payment timing depends on the Master Fund's ability to liquidate investments; contingent payment may take up to 120 days after Valuation Date
- Fund may cancel or postpone the offer under certain conditions, including market disruption or material NAV decline
- Reduction in fund assets may increase expense ratios and reduce diversification for remaining investors
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC TO-I Filing (Primary) | 0001193125-26-401844 |
| Document: d156963dsctoi.htm | 0001193125-26-401844 |
| Document: d156963dex99c.htm | 0001193125-26-401844 |
| Document: d156963dex99d.htm | 0001193125-26-401844 |
| Document: d156963dexfilingfees.htm | 0001193125-26-401844 |
| Document: d156963dex99a.htm | 0001193125-26-401844 |
| Document: d156963dex99e.htm | 0001193125-26-401844 |
| Document: 0001193125-26-401844-index-headers.html | 0001193125-26-401844 |
| Document: 0001193125-26-401844-index.html | 0001193125-26-401844 |
| Document: 0001193125-26-401844.txt | 0001193125-26-401844 |
US Market Status
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