Gcm Grosvenor Inc Stock Price, News & Analysis

GCM Grosvenor (Nasdaq: GCMG) has announced the final close of its inaugural Elevate Fund with nearly $800 million in committed capital. The fund, launched in 2023, focuses on making seed investments in small and emerging private equity firms targeting lower- and middle-market buyout strategies.

The fund received significant backing from CalPERS with a $500 million commitment, alongside investments from corporate, endowment, foundation, insurance, and family office investors. GCM Grosvenor, which manages $80 billion in total assets, including $20 billion with small and emerging managers, has already made two investments through Elevate:

• Excolere Equity Partners, led by Tony Miller (announced October 2023)
• Invidia Capital Management, founded by Jo Natauri (announced May 2024)

A third investment is expected to be announced soon, with plans for two to three more investments in 2025.

AGT Food and Ingredients announced the sale of its shortline rail and bulk handling infrastructure, MobilGrain, to GCM Grosvenor (NASDAQ: GCMG). The assets include Last Mountain Rail (140 km), Big Sky Rail (431 km), MobilEx Terminal in Thunder Bay, and Intermobil terminal in Regina, along with multiple bulk loading facilities in Saskatchewan. AGT signed a 20-year agreement with MobilGrain to continue utilizing this infrastructure for its global origination and supply chain programs. The transaction, expected to close in late 2024 or early 2025, will provide significant capital return to AGT, which currently generates over $3 billion in annual revenue.

CION Investments and GCM Grosvenor announce SEC effectiveness of the CION Grosvenor Infrastructure Fund (CGIF), an interval fund structure providing individual investors access to GCM Grosvenor's institutional private infrastructure platform. The Fund is launching with approximately $300 million in seed capital, including a merger with a $220 million diversified portfolio across transportation, digital, energy, and supply chain sectors, plus an additional $80 million cash commitment. The fund aims to capitalize on infrastructure's multi-decade growth cycle, offering potential benefits like capital appreciation, income, inflation protection, and low correlation to other assets.

GCM Grosvenor (Nasdaq: GCMG) announced its third quarter 2024 financial results, highlighting significant year-to-date growth across key metrics. The company reported a 34% increase in fundraising, while demonstrating strong financial performance with year-over-year increases in several key metrics: 16% in GAAP Net Income, 18% in Fee-Related Earnings, and 24% in Adjusted Net Income.

GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, has scheduled its third quarter 2024 financial results release for Friday, November 8, 2024. The company will host a webcast and conference call at 10:00 a.m. ET on the same day to discuss results and provide a business update. The webcast will be accessible through the Public Shareholders section of GCM Grosvenor's website, with a replay available for at least seven days after the call.

GCM Grosvenor's Infrastructure Advantage Strategy has acquired a 25% equity interest in Shepherds Flat, North America's largest repowered wind farm, from Brookfield Asset Management and its partners. Shepherds Flat, located in Oregon, is a fully contracted 338-turbine wind farm with a nameplate capacity of 845 MW, producing over 2,000 GWh of electricity annually. The wind farm can power approximately 185,000 average U.S. households and is supported by a long-term utility contract.

Brookfield Renewable acquired Shepherds Flat in 2021 and performed a comprehensive repowering, increasing generation capacity and extending its lifespan. As part of the transaction, a Responsible Contractor Policy has been adopted for material construction work at the site. GCM Grosvenor views this as an opportunity to invest in a high-quality, sustainable infrastructure asset alongside an experienced operator in the Pacific Northwest energy market.

CION Investments (CION) and GCM Grosvenor (NASDAQ: GCMG) have announced a strategic partnership to enhance individual investors' access to private market assets through financial advisors. The joint venture, named CGM, will combine CION's market insights, distribution capabilities, and product management with GCM Grosvenor's infrastructure and private markets expertise.

The partnership will initially focus on developing scalable investment solutions in infrastructure, aiming to provide individual investors with enhanced access to private market assets through innovative structures. This collaboration aims to help financial advisors build diversified portfolios for their clients, potentially offering resilience during economic downturns.

GCM Grosvenor (Nasdaq: GCMG) has released its second quarter 2024 earnings results. The company has made the detailed financial report available on its website in the Public Shareholders section. To discuss these results, GCM Grosvenor will host a conference call on August 8, 2024, at 11:00 a.m. ET. Interested parties can access the call through a public webcast on the company's website or by dialing in using the provided toll-free and regular numbers. A replay of the live broadcast will be made available on the website shortly after the call concludes.

GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024. The company will host a webcast and conference call on the same day at 11:00 a.m. ET to discuss the results and provide a business update.

Investors and interested parties can access the public webcast through the Public Shareholders section of GCM Grosvenor's website. A replay of the call will be available on the website for at least seven days after the event. To participate in the call, registration is required through the company's website.