Gcm Grosvenor Inc Stock Price, News & Analysis

GCM Grosvenor (Nasdaq: GCMG) has successfully closed its GCM Grosvenor Co-Investment Opportunities Fund III (GCF III), raising approximately $615 million in commitments. This represents a significant increase from its predecessor fund, GCF II.

The firm's total private equity co-investment commitments now stand at $9 billion, within its broader $30 billion private equity platform. GCF III attracted diverse investors globally, including pension plans, financial institutions, and family offices from North America, Europe, the Middle East, and Asia.

The fund will concentrate on co-investments across private equity, with a specific focus on middle-market growth and buyout transactions. This closing reinforces GCM Grosvenor's position as a leader in co-investment strategies.

GCM Grosvenor (GCMG) announced its fourth quarter and full year 2024 results, highlighting significant growth across key metrics. The company reported a 41% increase in fundraising for 2024, along with substantial year-over-year improvements in various financial metrics, including a 46% increase in GAAP Net Income, 19% growth in Fee-Related Earnings, and a 36% rise in Adjusted Net Income.

The Board of Directors declared a quarterly dividend of $0.11 per share, payable on March 17, 2025, to shareholders of record on March 3, 2025. Additionally, the company announced a $50 million increase to its share repurchase authorization, bringing the total to $190 million from the previous $140 million.

GCM Grosvenor (Nasdaq: GCMG) has announced the appointment of Joe Metzger as Managing Director in its Insurance Solutions Group. Metzger brings nearly two decades of experience in financial services and insurance, having previously worked at Guardian Life and TIAA-CREF. His expertise lies in sourcing, structuring, and executing transactions between insurance carriers and alternative asset managers.

The appointment aligns with GCM Grosvenor's strategy to expand its capabilities in meeting the insurance industry's investment needs. The company's Insurance Solutions Group specializes in providing customized and turnkey alternative investment solutions for global insurance companies, focusing on delivering capital-efficient products and opportunities.

GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, has announced its upcoming presentation at the Bank of America Securities Financial Services Conference. The presentation is scheduled for Wednesday, February 12, 2025, at 2:40 p.m. ET.

The company will provide a live audio webcast of the presentation, accessible through GCM Grosvenor's public shareholders website and the event website. For those who cannot attend the live presentation, a replay option will be made available within 24 hours after the event's conclusion.

CION Investments and GCM Grosvenor have launched the CION Grosvenor Infrastructure Fund (CGIF), starting with a $240 million portfolio spread across 43 infrastructure assets and $82 million in additional committed capital. The fund is structured as an evergreen interval fund, offering individual investors access to GCM Grosvenor's institutional private infrastructure platform through financial advisors.

The fund provides daily pricing and quarterly liquidity of up to 5% of NAV. CGIF's portfolio focuses on traditional infrastructure sectors including transportation, digital, energy, and emerging sectors like supply chain. GCM Grosvenor, with $14.8 billion in infrastructure assets under management and a 20-year track record, brings its expertise to the partnership, while CION contributes product management and distribution capabilities.

GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, has announced its upcoming presentation at the UBS Financial Services Conference. The presentation is scheduled for Tuesday, February 11, 2025, at 2:40 p.m. ET.

The company will provide a live audio webcast of the presentation, accessible through GCM Grosvenor's public shareholders website and the event website. For those who cannot attend the live presentation, a replay option will be available for 180 days following the event.

GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, has scheduled the release of its fourth quarter and full year 2024 financial results on Monday, February 10, 2025. The company will host a webcast and conference call at 10:00 a.m. ET on the same day to discuss the results and provide a business update.

The conference call will be accessible through the Public Shareholders section of GCM Grosvenor's website, with a replay available for at least seven days following the call.

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.