According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Grosvenor Registered Multi-Strategy Master Fund has made an offer to acquire some of its equity interests for up to $32.3 million.

The fund's move aims to manage its capital structure by repurchasing a portion of its equity. According to the documents, the details of this tender offer have been filed with regulators as required, and the specific terms and conditions are subject to the official offer documents. Market analysts believe such actions may reflect the fund manager's assessment of current asset valuation and liquidity, or be part of an overall investment strategy adjustment.