Financial Data and Key Metrics Changes - In 2025, GCM Grosvenor achieved a record fundraising year, raising $10.7 billion, with $3.5 billion raised in Q4 alone, marking significant growth compared to previous years [4][5] - Fee-Related Earnings, Adjusted EBITDA, and Adjusted Net Income increased by 11%, 15%, and 18% respectively compared to 2024 [5][24] - The company ended 2025 with $91 billion in assets under management (AUM), a 14% increase from the end of 2024 [7] - Fee-Paying AUM grew 12% year-over-year to $72 billion, while Contracted Not Yet Fee-Paying AUM increased by 27% to $10 billion [8] Business Line Data and Key Metrics Changes - Absolute Return Strategies (ARS) performance was strong, with a Multi-Strategy Composite generating a 15% gross rate of return in 2025 [4] - Infrastructure, the fastest-growing strategy, returned approximately 11% for the year [4] - ARS fee-paying AUM and management fees grew 15% and 5% year-over-year respectively [22] Market Data and Key Metrics Changes - The individual investor channel saw AUM increase by 18% year-over-year, indicating strong demand for customized solutions [8] - The company has less exposure to SaaS businesses, with only 4% of total AUM and less than 6% of credit AUM attributed to this sector [10] Company Strategy and Development Direction - GCM Grosvenor is focused on diversifying its investment strategies and enhancing its wealth management distribution through initiatives like Grove Lane Partners [8] - The company aims to double its Fee-Related Earnings to over $280 million by 2028 and grow adjusted net income per share to more than $1.20 [12] - The firm is committed to maintaining a capital-light business model while increasing shareholder returns through share buybacks and debt repayment [27][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the investment opportunity set and the strength of their fundraising pipeline entering 2026 [5][9] - The recent market volatility is viewed as an opportunity, with management emphasizing the importance of diversification in their investment strategy [9][10] - The company anticipates continued operating leverage and margin expansion through 2028 [30] Other Important Information - The gross unrealized carried interest balance reached an all-time high of $949 million, up 14% from the end of 2024 [7] - The company repurchased 2.8 million shares in Q4 at an average price of $11.11 per share, totaling $31 million [24] Q&A Session Summary Question: Capital allocation plans post-warrant exercise - Management indicated a focus on maintaining a capital-light business model, with plans for share buybacks and debt repayment [27] Question: Operating leverage and margin expansion - Management believes they can continue to drive margin expansion through 2028 [30] Question: Future of the absolute return business - Management remains cautious about budgeting for organic growth in the absolute return business but acknowledges recent successes [34] Question: Fundraising outlook for 2026 - Management has a strong pipeline and expects fundraising in 2026 to potentially exceed 2025, but they are not officially budgeting for that yet [58] Question: Performance fees and carried interest - Management noted that carried interest realizations were lower than expected but expressed confidence in future increases [60]

Financial Data and Key Metrics Changes - In 2025, GCM Grosvenor achieved a record fundraising year, raising $10.7 billion, with $3.5 billion raised in Q4 alone [5][6] - Fee-Related Earnings, Adjusted EBITDA, and Adjusted Net Income increased by 11%, 15%, and 18% respectively compared to 2024 [6][24] - The company ended 2025 with $91 billion in assets under management, a 14% increase from the end of 2024 [7][24] - Fee-Paying AUM grew 12% year-over-year to $72 billion, while Contracted Not Yet Fee-Paying AUM increased 27% year-over-year to $10 billion [8][24] Business Line Data and Key Metrics Changes - Absolute Return Strategies (ARS) performance was strong, with a Multi-Strategy Composite generating a 15% gross rate of return in 2025 [5] - Infrastructure, the fastest-growing strategy, returned approximately 11% for the year [5] - ARS fee-paying AUM and management fees grew 15% and 5% year-over-year respectively [21] Market Data and Key Metrics Changes - The individual investor channel saw AUM increase by 18% year-over-year, reflecting strong demand for customized solutions [9][18] - The company has less exposure to SaaS businesses, with only 4% of total AUM and less than 6% of credit AUM [11] Company Strategy and Development Direction - GCM Grosvenor is focused on maintaining a capital-light business model while increasing shareholder returns through share buybacks and debt repayment [27][13] - The company launched Grove Lane Partners, a new wealth management distribution joint venture, and an infrastructure interval fund [9][10] - The firm aims to double its 2023 Fee-Related Earnings to over $280 million and grow adjusted net income per share to more than $1.20 by 2028 [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the investment opportunity set and the strength of their fundraising pipeline entering 2026 [5][6] - The company remains optimistic about the future despite recent market volatility, emphasizing the importance of diversification in their investment strategy [10][12] - Management noted that while carry realizations were light in Q4, the gross unrealized carried interest balance reached an all-time high of $949 million, indicating potential for future revenue growth [7][24] Other Important Information - The company repurchased 2.8 million shares in Q4 at an average price of $11.11 per share, totaling $31 million [24] - An additional $35 million was authorized for share buybacks, bringing the total available for repurchase to $91 million [13][24] Q&A Session Summary Question: Discussion on capital allocation plans - Management indicated a focus on remaining a capital-light business, with plans for share buybacks and debt repayment [27][28] Question: Operating leverage and margin expansion - Management expressed confidence in continuing to drive margin expansion through 2028 [29][31] Question: Outlook for absolute return business and organic growth - Management maintained a cautious stance on budgeting for flows but acknowledged recent successes in the absolute return business [35][36] Question: Fundraising outlook for 2026 - Management noted a strong pipeline for 2026 but did not commit to exceeding 2025 fundraising levels [58][59] Question: Performance fees and carried interest - Management acknowledged lower-than-expected carry realizations in Q4 but expressed optimism about future revenue from carried interest [60][61]

Core Viewpoint - GCM Grosvenor Inc. reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and showing an increase from $0.27 per share a year ago, indicating a positive earnings surprise of +27.05% [1] Financial Performance - The company achieved revenues of $177.1 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 6.11% and up from $165.26 million year-over-year [2] - Over the last four quarters, GCM Grosvenor has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2] Stock Performance and Outlook - GCM Grosvenor shares have declined approximately 12.5% since the beginning of the year, contrasting with the S&P 500's gain of 1.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Earnings Estimate Revisions - The trend for earnings estimate revisions prior to the earnings release was unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $131.65 million, and for the current fiscal year, it is $0.87 on revenues of $590.1 million [7] Industry Context - The Financial - Investment Management industry, to which GCM Grosvenor belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting that the industry outlook could significantly impact stock performance [8]

2025 Fourth Quarter and Full Year Results Earnings Presentation GCM Grosvenor Reports Q4 and Full Year 2025 Results CHICAGO, February 10, 2026 – GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the fourth fiscal quarter ended December 31, 2025. Dividend GCM Grosvenor's Board of Directors approved a $0.12 per share dividend payable on March 16, 2026 to shareholders on record March 2, 2026. Conference Call Management will host a webcast ...

Financial Performance - GCM Grosvenor reported a 14% increase in assets under management (AUM), reaching $90.9 billion as of December 31, 2025, compared to $80.1 billion in the previous year[16]. - GAAP net income attributable to GCM Grosvenor Inc. for the full year 2025 was $45.4 million, reflecting a 143% increase compared to the prior year[17]. - Fee-related earnings for the full year 2025 increased by 11% to $185.1 million, while adjusted net income rose by 18% to $166.3 million[18]. - The firm reported total operating revenues of $557.6 million for the twelve months ended December 31, 2025, up from $514.0 million in the previous year[75]. - The company reported a net income before income taxes of $36.44 million for the three months ended December 31, 2024, compared to $64.04 million in 2025, indicating a substantial increase of about 75.8%[78]. - Adjusted Net Income for the three months ended December 31, 2025, was $61,743, an increase from $37,233 for the same period in 2024, representing a growth of 65.9%[86]. - The company reported a significant increase in non-GAAP financial measures, indicating strong financial performance[144]. Fundraising and Capital Management - The company raised $3.5 billion in new capital during Q4 2025, contributing to a total fundraising of $10.7 billion for the full year, a 49% increase year-over-year[17]. - The firm is currently fundraising for Q4 2025, targeting $3.5 billion[42]. - Contributions from new capital raised amounted to $1,023 million in the three months ended December 31, 2025[93]. - The firm reported a management fee-driven earnings of $505 million in 2023[52]. - The firm has $56 million remaining in its approved share and warrant repurchase program as of December 31, 2025[70]. - The total share repurchase plan authorization as of December 31, 2025, was $220.0 million[143]. - In February 2026, the Board of Directors increased the repurchase authorization by $35 million, raising it to $255 million[143]. Asset Management and Investment Strategy - The firm’s private markets assets under management grew to 71% of total AUM, up from 59% in 2020, indicating a strategic shift towards private market investments[24]. - GCM Grosvenor's unrealized carried interest balance increased significantly to $478 million, up from $133 million in 2020, indicating growth potential in incentive earnings[24]. - Private Markets Assets Under Management (AUM) reached $39 billion, with a 12% CAGR since 2020[48]. - The firm has diversified its strategies across various asset classes, including private equity and infrastructure[46]. - The firm aims to scale and expand its private market specialized fund franchises, enhancing its market presence[43]. - The firm has approximately 90% client retention in private markets, highlighting strong relationships with institutional investors[26]. Revenue and Earnings Metrics - GCM Grosvenor's fee-related earnings margin improved to 44% in 2025, up from 31% in 2020, showcasing operational leverage[24]. - Total fee-related revenue for the year ended December 31, 2025, was $104.779 million, an increase from $104.296 million for the year ended December 31, 2024[24]. - Incentive fees increased to $123.5 million for the twelve months ended December 31, 2025, compared to $106.2 million in 2024, reflecting a growth of approximately 16%[75]. - The firm reported total operating revenues for the three months ended December 31, 2025, were $177,095, compared to $134,967 for the same period in 2024, reflecting a growth of 31.0%[89]. - Performance fees surged from $55.323 million in December 2024 to $68.245 million in December 2025, an increase of about 23.2%[84]. Operational Efficiency - The firm reported a management fee-centricity of 82% in 2023, indicating a stable revenue model[52]. - Adjusted EBITDA for the twelve months ended December 31, 2025, reached $245,631, up from $213,844 in 2024, indicating a year-over-year increase of 14.9%[89]. - Adjusted EBITDA Margin improved from 48% in the three months ended December 31, 2024, to 50% in 2025, demonstrating enhanced operational efficiency[77]. - Cash-based employee compensation and benefits remained consistent at approximately $34.97 million for both periods[77]. - The company has identified key areas for operational efficiency improvements, targeting a 10% reduction in costs over the next fiscal year[144]. Future Outlook - The company anticipates continued momentum into 2026, driven by strong investment performance and client retention[9]. - The company expects continued growth in adjusted net income and revenue for the upcoming fiscal year, driven by strategic market expansions and new product developments[90]. - Future guidance suggests continued growth, with expectations for revenue to increase by approximately 15% year-over-year[144]. - The company is focusing on market expansion strategies, particularly in emerging markets, to drive user growth[144]. - New product development initiatives are underway, aiming to launch innovative solutions that cater to evolving customer needs[144].

CHICAGO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor, will present at the UBS Financial Services Conference on Wednesday, February 11, 2026, at 11:20 a.m. ET. A link to the live audio webcast of the presentation is available on GCM Grosvenor’s public shareholders website and the event website. For those unable to listen to the live audio webc ...

Core Viewpoint - GCM Grosvenor will present at the Bank of America Securities Financial Services Conference 2026, highlighting its position as a leading alternative asset management provider [1]. Group 1: Company Overview - GCM Grosvenor is a global alternative asset management solutions provider with approximately $87 billion in assets under management [3]. - The firm specializes in various investment strategies, including private equity, infrastructure, real estate, credit, and absolute return [3]. - GCM Grosvenor has over 50 years of experience in the alternatives sector, focusing on delivering value through a flexible investment platform [3]. Group 2: Team and Global Presence - The company employs around 560 professionals who serve a diverse client base of institutional and individual investors [4]. - GCM Grosvenor is headquartered in Chicago and has offices in major financial centers including New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney [4].

Core Viewpoint - GCM Grosvenor will release its fourth quarter and full year 2025 results on February 10, 2026, and will host a conference call to discuss these results and provide a business update [1][2]. Group 1: Company Overview - GCM Grosvenor is a global alternative asset management solutions provider with approximately $87 billion in assets under management across various investment strategies including private equity, infrastructure, real estate, credit, and absolute return [3]. - The firm has over 50 years of experience in alternatives and aims to deliver value for clients through its cross-asset class and flexible investment platform [3]. Group 2: Team and Global Presence - GCM Grosvenor employs around 560 professionals and serves a diverse global client base consisting of institutional and individual investors [4]. - The company is headquartered in Chicago and has offices in major cities including New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney [4].

Core Insights - GCM Grosvenor has partnered with Model ML to enhance investment and operational workflows through AI technology [1][2][3] Group 1: Company Overview - GCM Grosvenor is a leading alternative asset management firm managing approximately $87 billion in assets across various strategies including private equity, infrastructure, real estate, credit, and absolute return [2][5] - The firm has over 50 years of experience in alternative investments and aims to deliver value for clients through a flexible investment platform [5] - GCM Grosvenor employs around 560 professionals and serves a global client base of institutional and individual investors [6] Group 2: Technology Integration - The partnership with Model ML aims to streamline complex processes while maintaining high standards for precision, governance, and risk control [2][3] - AI-powered workflows will be deployed to support high-impact use cases in the investment process, enhancing speed, governance, and overall quality [3][7] - Specific applications include automating pre-investment due diligence, data extraction from manager documents, and using Model ML's AutoCheck workflow to review financial documents for accuracy [7]

Core Insights - GCM Grosvenor has appointed Cara Fixler as Chief Human Resources Officer to lead its global human resources strategy [1][4] - Ms. Fixler has over 20 years of HR leadership experience, previously serving at LaSalle Investment Management, AbbVie, and General Electric [2][3] - The firm manages approximately $87 billion in assets across various investment strategies, emphasizing its long-standing expertise in alternative asset management [5] Company Overview - GCM Grosvenor is a global alternative asset management solutions provider with a diverse portfolio including private equity, infrastructure, real estate, credit, and absolute return strategies [5] - The firm has a team of around 560 professionals and serves a global client base of institutional and individual investors [6] - GCM Grosvenor is headquartered in Chicago, with additional offices in major cities worldwide [6]