Here are the 10-K annual reports from Gcm Grosvenor (GCMGW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GCMGW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GCMGW filings page.
GCM Grosvenor Inc. reports solid growth in its alternative asset management franchise for the year ended December 31, 2025. Assets under management rose to $90.9 billion, up from $80.1 billion, with fee-paying AUM increasing 12% to $72.5 billion, driven by $8.3 billion of contributions and favorable market performance.
Total operating revenues grew to $557.6 million from $514.0 million, led by management fees of $425.8 million and a 23% increase in performance fees to $68.2 million. Net income attributable to GCM Grosvenor Inc. more than doubled to $45.4 million, while adjusted net income rose to $166.3 million. Fee-Related Earnings reached $185.1 million with a 44% margin, reflecting operating leverage.
Private markets strategies accounted for $64.1 billion of AUM and absolute return strategies $26.8 billion, with sustainable investments totaling $31.2 billion. The firm continued to return capital through share repurchases, buying about 2.76 million shares in Q4 2025 and leaving $55.7 million available under its buyback plan.