Gcm Grosvenor Inc Stock Price, News & Analysis

GCM Grosvenor (Nasdaq: GCMG) has announced the opening of a new office in Frankfurt, Germany, aimed at expanding its client base in central Europe, including Germany, Austria, Switzerland, and Luxembourg. The office will be led by Markus Koch, who brings over 20 years of experience from Prime Capital and UBS Investment Bank. This marks the firm's second office opening this year, following the establishment of a presence in Canada. GCM Grosvenor manages approximately $67 billion in assets across various investment strategies.

Horizon, a fiber-optic broadband provider in Ohio, has partnered with GCM Grosvenor (NASDAQ: GCMG) to acquire a significant ownership stake. This investment, part of GCM's Labor Impact Strategy, will enhance Horizon's growth strategy in providing fiber-based connectivity to businesses and residents. Over the last decade, Horizon has expanded its fiber network significantly across the Midwest and is set to launch multiple Fiber to the Home initiatives. This collaboration is anticipated to accelerate the company's market expansion and service offerings.

GCM Grosvenor reported robust financial growth for Q2 2021, with revenue increasing 33% to $119.7 million and Fee-Related Revenue rising 13% to $84.9 million year-over-year. GAAP Net Income was $0.7 million, while Fee-Related Earnings grew 9% to $27.5 million. Adjusted EBITDA rose 17% to $30.7 million. The company also announced a 12.5% dividend increase and a $25 million stock repurchase plan. Assets Under Management grew 18% to $66.9 billion, reaffirming guidance for continued revenue growth.

GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced that Michael Sacks, Chairman and CEO, will present at the UBS Financial Services Virtual Conference on August 11, 2021, at 12:00 pm ET. A live audio webcast link is available on their public shareholders website. A replay will be accessible for 12 months post-presentation. GCM Grosvenor, with approximately $65 billion in assets under management, has been operating for 50 years and serves a diverse global client base, including institutional and high net worth investors.

GCM Grosvenor (Nasdaq: GCMG) will announce its Q2 2021 results on August 10, 2021. Management will conduct a conference call at 11:00 a.m. ET to discuss the results and provide a business update. The event can be accessed via a public webcast on GCM Grosvenor’s website, with a replay available for at least seven days post-call. GCM Grosvenor has approximately $65 billion in assets under management across various investment strategies and has been operational for 50 years, catering to a global clientele of institutional and high net worth investors.

ArcLight Capital Partners has successfully closed its first continuation fund, ArcLight Renewable Infrastructure Fund SM SPV, L.P., acquiring a 25% interest in the 192MW Sidney Murray Hydroelectric Project. Fund V, which initially acquired this interest in 2011, had aggregated a larger position through subsequent acquisitions. ArcLight has invested over $4 billion in renewable infrastructure since 2001 and aims to optimize projects for stakeholders. The Fund is anchored by affiliates of GCM Grosvenor and HarbourVest, reflecting ArcLight's strategy in the evolving energy transition landscape.

GCM Grosvenor (Nasdaq: GCMG) announced the hiring of J.B. Kiley as a Managing Director in the Client Group, enhancing their client service efforts. Kiley brings over 20 years of experience with institutional investors, having previously held key roles at KKR, Goldman Sachs, Lehman Brothers, and Morgan Stanley. This strategic move aligns with the firm's commitment to expanding its alternatives solutions and business development initiatives. GCM Grosvenor manages approximately $65 billion in assets across various investment strategies, marking its 50th year in operation.

On June 28, 2021, GCM Grosvenor (Nasdaq: GCMG) announced the formation of GCM Grosvenor Insurance Solutions to deliver alternative investment solutions tailored for insurance companies worldwide. John Morrison, with over 20 years of experience in financial services, will lead this new division. GCM Grosvenor, a leading global alternative asset management provider with approximately $65 billion in assets under management, aims to leverage its expertise to meet the unique needs of insurance capital.

GCM Grosvenor (Nasdaq: GCMG) has officially joined the Russell 2000® Index, effective June 28, 2021. This inclusion marks a significant milestone in the company's 50-year history, following its public transition last year. The Russell 2000® Index is a key benchmark for U.S. investment managers, with $10.6 trillion in assets tied to Russell indexes. GCM Grosvenor manages approximately $65 billion in assets across various investment strategies, enhancing its visibility and potential for attracting investment capital.