Gcm Grosvenor Inc Stock Price, News & Analysis

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.

GCM Grosvenor (Nasdaq: GCMG) will announce its first quarter 2022 results on May 10, 2022. A conference call and webcast will follow at 10:00 a.m. ET, providing a business update and discussing financial performance. GCM Grosvenor is a global alternative asset management firm managing approximately $72 billion across various investment sectors, including private equity and infrastructure. The firm has over 520 professionals serving institutional and high net worth clients worldwide.

GCM Grosvenor (Nasdaq: GCMG) announced that its President, Jon Levin, will present at the 2022 RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 4:00 p.m. ET. A live audio webcast link will be available on the firm's public shareholders website. GCM Grosvenor manages approximately $72 billion in assets across various investment strategies, serving a global client base. A replay of the presentation will be accessible for one year after the event.

GCM Grosvenor (Nasdaq: GCMG) announced strong financial results for Q4 2021 and the full year, with Assets Under Management increasing 16% YoY to $72.1 billion. Revenue rose 23% in Q4 to $190.6 million and 24% for the year to $531.6 million. Net income for the year reached $21.5 million, while adjusted net income increased 31% to $118.8 million. The Board approved a $0.10 dividend and increased the stock repurchase plan by $20 million to $45 million, aiming to enhance shareholder value.

On February 11, 2022, GCM Grosvenor (Nasdaq: GCMG) announced it raised $1.5 billion for diverse manager investment mandates in 2021, totaling approximately $11 billion in AUM by year-end. The $1.5 billion includes $500 million for Real Estate and $1 billion for Private Equity, with a notable $770 million for its inaugural Advance Fund. A total of 55 institutional investors participated, including 43 new commitments. GCM Grosvenor has focused on diverse managers since 2002, highlighting the growing interest in investing with women and minorities.

GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management firm, announced that CEO Michael Sacks will present at the Credit Suisse 23rd Annual Financial Services Forum on February 17, 2022, at 1:00 PM ET. A live audio webcast will be accessible on GCM Grosvenor’s public shareholders website. For those unable to attend, a replay will be available for 90 days post-event. GCM Grosvenor manages approximately $70 billion in assets across various investment strategies and has over 520 professionals serving a diverse client base worldwide.

GCM Grosvenor (Nasdaq: GCMG) will announce its fourth quarter and full year 2021 results on February 15, 2022. Following the release, management will host a webcast and conference call at 10:00 a.m. ET to discuss the results and provide business updates. GCM Grosvenor manages approximately $70 billion in assets across various investment strategies, serving a global clientele of institutional and high-net-worth investors. Interested parties can access the call via the company's public shareholders webpage.

GCM Grosvenor (NASDAQ: GCMG) has acquired a majority ownership stake in ReSource Waste Services, the largest processor of construction and demolition material in New England. This strategic investment aims to enhance ReSource's growth in the greater Boston area. ReSource operates five facilities with a processing capacity of 1.3 million tons per year and focuses on recycling C&D waste into valuable products. The partnership is expected to leverage GCM Grosvenor's expertise to propel ReSource into a new growth phase, enhancing services across the region.