On October 2, 2025, private‑equity veteran Dave Tayeh and business‑services specialist Jay Alix announced the official launch of Tayeh Capital Group (TCG), a growth‑focused private‑equity firm that will partner with founders of middle‑market business‑services companies. The announcement states that the new firm is backed by GCM Grosvenor, a global alternative‑asset manager with $86 billion in assets under management.
TCG’s launch is supported by GCM Grosvenor’s Sponsor Solutions platform, which delivers catalytic seed capital through its Elevate Fund. The Elevate Fund, which closed in December 2024 with nearly $800 million in committed capital, provides emerging managers with the resources and network needed to scale. By tying TCG to this platform, GCM Grosvenor extends its reach into the middle‑market business‑services sector and creates a new pipeline for co‑investment opportunities.
The firm’s focus on family‑owned, rapidly growing middle‑market companies in business‑services sectors positions it to capture secular tailwinds and generate attractive risk‑adjusted returns. TCG’s partnership with GCM Grosvenor gives it access to a world‑class network of advisors, board members, and strategic partners, accelerating value creation for portfolio companies.
For GCM Grosvenor, the partnership strengthens its emerging‑manager strategy and expands its sponsor‑solutions offering. The collaboration is expected to generate additional fee income, broaden its client base, and enhance its competitive positioning in the private‑equity market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.