Gcm Grosvenor Inc Stock Price, News & Analysis

GCM Grosvenor (NASDAQ: GCMG) reported robust results for Q3 2021, with a 16% revenue increase to $118.1 million compared to Q3 2020. Assets Under Management (AUM) rose 20% year-over-year to $70.5 billion. The Board approved an 11% dividend increase from $0.09 to $0.10 per share, payable on December 15, 2021. Adjusted Net Income surged by 16% to $23.8 million, while Fee-Related Revenue also climbed by 11%. GCM Grosvenor's positive outlook for 2021 and 2022 reflects strong investment results and fundraising efforts.

GCM Grosvenor (Nasdaq: GCMG) has successfully closed a $500 million structured alternatives investment fund. This fund will target alternative strategies such as private equity, infrastructure, absolute return strategies, and alternative credit. The fundraising was spearheaded by GCM Grosvenor Insurance Solutions, which aims to deliver alternative investment solutions tailored for insurance companies globally. With approximately $67 billion in assets under management, GCM Grosvenor continues to expand its offerings to institutional and high net worth investors.

GCM Grosvenor (Nasdaq: GCMG) announced the appointment of Tom Hobson as Managing Director in GCM Grosvenor Insurance Solutions. He joins John Morrison, who was hired in June, to enhance the firm's investment capabilities for the insurance sector. Previously, Hobson served as Head of Insurance Solutions at Macquarie Group. This move aims to leverage his expertise to grow the insurance solutions offering, aligning with the firm's strategic objectives. GCM Grosvenor manages approximately $67 billion across diverse investment strategies.

GCM Grosvenor (Nasdaq: GCMG) will announce its Q3 2021 results on November 10, 2021. A conference call will follow at 10:00 a.m. ET to discuss the results and provide a business update. GCM Grosvenor is a leader in global alternative asset management with approximately $67 billion in assets under management across various strategies. With nearly 500 professionals, the firm serves a broad client base and celebrates its 50th year in the industry.

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.