Gcm Grosvenor Inc Stock Price, News & Analysis

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.

KKR has made a significant structured investment in Arevia Power, a U.S. renewable energy developer, with backing from GCM Grosvenor. This investment aims to accelerate the development of new solar and wind projects across the U.S. Arevia, founded in 2015, is advancing a multi-gigawatt renewable portfolio and implements a Responsible Contractor Policy to promote a skilled workforce. KKR has allocated over $15 billion to renewables since 2011, targeting projects that support environmental sustainability and comply with renewable standards.

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.