Gcm Grosvenor Inc Stock Price, News & Analysis

GCM Grosvenor (Nasdaq: GCMG), a leader in alternative asset management, has announced that Pam Bentley, the Chief Financial Officer, will present at the Bank of America Securities Financial Services Conference on February 16, 2023, at 2:30 p.m. ET. A live audio webcast of her presentation will be accessible on GCM Grosvenor’s public shareholders website. For those who miss it, a replay will be available for 90 days after the event.

GCM Grosvenor manages around $73 billion in assets across various strategies, including private equity and real estate.

CHICAGO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG) announced that Jon Levin, President, will present at the Credit Suisse 24th Annual Financial Services Forum on February 15, 2023, at 9:25 a.m. ET. Interested parties can access the live audio webcast via GCM Grosvenor’s public shareholders website and the event website. A replay will be available for 90 days post-presentation. GCM Grosvenor manages approximately $73 billion across various investment strategies and has over 530 professionals serving a global client base from offices in major cities worldwide.

GCM Grosvenor (Nasdaq: GCMG) will announce its fourth quarter and full year 2022 results on February 14, 2023. The company, known for its global alternative asset management, manages approximately $73 billion in assets across various investment strategies. A webcast and conference call will occur on the same day at 10:00 a.m. ET to discuss the results and provide a business update. Investors can access the call via the company's website and a replay will be available for seven days post-call.

Founded over 50 years ago, GCM Grosvenor serves a global client base and is headquartered in Chicago.

GCM Grosvenor (Nasdaq: GCMG) announced the final close of its Secondary Opportunities Fund III, L.P. (GSF III) with $972 million in committed capital, reflecting a 38% increase compared to its predecessor fund, GSF II. The diversified investor base includes corporate and public pension plans, financial institutions, and high-net-worth individuals from the U.S., Europe, and Asia-Pacific. GSF III aims to provide a single entry point to diversified private equity secondary fund interests, including middle-market buyouts and growth equity. The firm manages approximately $73 billion in assets across various investment strategies.

Ethos Real Estate has successfully acquired the Residences at Woodlake for $76 million. This 276-unit multifamily property in the Crenshaw District, Los Angeles, will be transformed from market rate to deed restricted affordable housing. Under the plan, 50% of the units will be reserved for families earning up to 80% of AMI, while 10% will target those earning up to 60% of AMI for the next 55 years. This deal marks Ethos' second purchase with GCM Grosvenor, which manages approximately $73 billion in assets.

GCM Grosvenor (Nasdaq: GCMG) has launched the GCM Grosvenor Elevate strategy aimed at making seed investments in small, emerging, and diverse private equity firm founders. With a partnership commitment of $500 million from CalPERS, the Elevate strategy focuses on reducing entry barriers for investor entrepreneurs and providing essential support resources. GCM Grosvenor manages approximately $17.5 billion with small managers and $13.6 billion with diverse managers. The strategy aims to capture attractive returns by investing in historically high-performing diverse managers, as highlighted by a recent NAIC study.

Caliche Development Partners II, in partnership with Orion Infrastructure Capital and GCM Grosvenor, announced the acquisition of Golden Triangle Storage and plans for Central Valley Gas Storage. This $186 million investment aims to enhance underground storage capabilities in North America, supporting the transition to lower-carbon energy solutions. The Golden Triangle Storage deal closed on November 18, 2022, with the Central Valley acquisition pending regulatory approval in 2023. The partnership underscores the growing demand for natural gas storage amidst increasing reliance on renewable energy sources.

GCM Grosvenor (Nasdaq: GCMG) reported Q3 2022 results with a 16% revenue increase year-over-year, totaling $137.2 million. Assets Under Management rose to $72.6 billion, a 3% increase from the prior year. Fee-Related Revenue increased by 2% to $88.6 million. The firm declared a $0.11 dividend and intensified its share repurchase program by $25 million to $90 million. Despite a 24% decrease in GAAP Net Income to $3.1 million, Adjusted Net Income grew 11% to $26.6 million. Management remains optimistic due to strong fundraising and private market growth.

GCM Grosvenor (Nasdaq: GCMG) will announce its third quarter 2022 results on November 9, 2022. A conference call and webcast will take place at 10:00 a.m. ET on the same day, allowing stakeholders to discuss the financial results and receive a business update. The firm, which manages approximately $71 billion in assets across various investment strategies, has been in the alternative asset management sector for over 50 years. A replay of the call will be available on their website shortly after the event.