Gcm Grosvenor Inc Stock Price, News & Analysis

GCM Grosvenor (GCMG) reported its Q2 2022 results, showcasing a 6% increase in Assets Under Management (AUM), totaling $71.2 billion. Fee-Paying AUM rose by 4% year-over-year to $57.5 billion. Private Markets FPAUM saw a notable 16% increase, while Absolute Return Strategies FPAUM dropped by 9%. Revenue declined by 13% to $104.4 million, yet Fee-Related Revenue increased by 8%. Notably, GAAP Net Income soared 1,059% to $7.6 million. The company also announced a $0.10 dividend per share and repurchased $10 million in stock during the quarter.

GCM Grosvenor (Nasdaq: GCMG) has announced the upcoming release of its second-quarter 2022 results on August 9, 2022. Management will host a conference call and webcast at 10:00 a.m. ET on the same day for discussing the results and providing a business update. GCM Grosvenor oversees approximately $71 billion in assets across multiple investment strategies such as private equity and real estate, emphasizing over 50 years of experience in alternative asset management.

Newlight Technologies and Long Ridge Energy Terminal have signed agreements to construct the Aircarbon-Ohio facility in Ohio, aimed at producing Aircarbon, a carbon-negative biomaterial that can replace plastic. Long Ridge will lease land and supply power for the project, with Fortress Transportation (FTAI) investing up to $75 million for a 25% stake. The facility will utilize methane captured from local industrial activities to support production. This initiative seeks to tackle plastic pollution and create jobs, establishing a significant carbon capture hub.

GCM Grosvenor (Nasdaq: GCMG) has invested £140m in a recapitalisation of Placefirst, a Matter Real Estate portfolio company. This investment supports Placefirst's goal of building a 6,500 unit, £1.3bn single-family rental portfolio in the UK. Placefirst achieved record growth, reaching 1,500 homes in April 2022, with plans for over 1,000 more. GCM Grosvenor's investment is pivotal for fostering a strategic relationship with Matter, aimed at exploring further opportunities in Europe.

GCM Grosvenor (Nasdaq: GCMG) and Blue Wolf Capital Partners announced the acquisition of Hallcon Corporation from Novacap. This strategic move aims to enhance Hallcon's North American footprint and expand its electric vehicle charging infrastructure.

With operations across 29 U.S. states and six Canadian provinces, Hallcon provides critical transportation services and facilities maintenance. The investment will facilitate growth in new markets, including Seattle, Austin, and Atlanta, while supporting customers transitioning to electric fleets.

On June 29, 2022, GCM Grosvenor (Nasdaq: GCMG) released its 2021 Labor and Economic Impact Report for the Labor Impact Fund (LIF). The report reveals that five LIF investments have generated around 3.1 million union work-hours and are projected to yield over $4 billion in economic impact. Additionally, these investments are expected to create $1.8 billion in wages and $480 million in tax revenue. The Fund aims to align stakeholders to achieve strong risk-adjusted returns, with projects progressing on schedule and budget.

GCM Grosvenor (Nasdaq: GCMG) announced that President Jon Levin will present at the Morgan Stanley US Financials, Payments and CRE Conference on June 13, 2022, at 11:00 a.m. ET. The live audio webcast can be accessed via GCM Grosvenor's public shareholders website. A replay will be available for 180 days post-presentation. GCM Grosvenor manages around $71 billion in assets across various investment strategies.

GCM Grosvenor (Nasdaq: GCMG) announced that Chief Financial Officer Pam Bentley will present at William Blair's 42nd Annual Growth Stock Conference on June 7, 2022, at 3:00 p.m. ET. A live audio webcast will be accessible on the company's shareholder website, with a replay available for 90 days post-event. GCM Grosvenor, a leader in alternative asset management with approximately $71 billion in assets under management, has been in the sector for over 50 years, serving a diverse global client base from its Chicago headquarters and various international offices.

GCM Grosvenor (Nasdaq: GCMG) reported strong first-quarter results for the period ending March 31, 2022, highlighting a 10% increase in Assets Under Management (AUM) to $71.3 billion and a 2% revenue growth to $105.1 million.

The firm announced a $20 million increase in its stock repurchase authorization, raising it from $45 million to $65 million. Notably, GAAP Net Income surged by 86% to $4.7 million, and Fee-Related Earnings rose by 26% to $31.7 million. Additionally, a dividend of $0.10 per share was approved for shareholders.