Crispin Love

William Katz

Kenneth Worthington

Chris Kotowski

Christoph Kotowski

Jeff Schmitt

Ken Worthington

Stephanie Ma

Tyler Mulier

- GCM Grosvenor projects to **double its 2023 fee-related earnings by the end of 2028** and achieve an **Adjusted Net Income (ANI) of $1.20 per share by 2028**, representing more than a doubling from the end of 2023.  **[0001819796_2185943_6]** 
- The company announced an increase in its quarterly dividend from **$0.11 to $0.12 per share**, effective for shareholders of record on December 1, 2025.  **[0001819796_2185943_6]** 
- GCM Grosvenor reported **strong capital formation**, raising **$1.9 billion in Q3** and **$7.2 billion year-to-date through September**, exceeding its total capital raising for 2024.  **[0001819796_2185943_13]**  The last 12 months saw **$9.5 billion in capital formation**, the highest in the company's history.  **[0001819796_2185943_13]** 
- The firm is focused on significant growth opportunities, particularly in the **individual investor channel**, which is projected to account for **20% to 25% of annual fundraising** in the next four to five years.  **[0001819796_2185943_5]** **[0001819796_2185943_13]** 
- GCM Grosvenor emphasizes its **scalable investment platform**, with an annual capacity to deploy **$10 billion to $20 billion** from 3,000 sourced opportunities, significantly higher than the current **$5 billion to $8 billion** deployed, indicating substantial latent growth potential.  **[0001819796_2185943_14]**

GCM Grosvenor Outlines Ambitious Growth Targets and Dividend Increase at 2025 Investor Day

- GCMG projects **Fee-Related Earnings (FRE)** to grow from **$140 million** in 2023 to **$280 million+** in 2028F, and **Adjusted Net Income Per Share** to exceed **$1.20** by 2028F, up from **$0.55** in 2023.  **[0001819796_2185456:10]** **[0001819796_2185456:53]** 
- The company is increasing its quarterly cash dividend to **$0.12 per share** and has authorized **$220 million** for share repurchases.  **[0001819796_2185456:10]** **[0001819796_2185456:65]** 
- GCMG aims for significant AUM growth in key strategies, targeting **$40 billion+** for Infrastructure and **$35 billion+** for Absolute Return in approximately five years.  **[0001819796_2185456:23]** **[0001819796_2185456:24]** 
- For the Last Twelve Months (LTM), GCMG reported **$177 million** in Fee-Related Earnings and **$152 million** in Adjusted Net Income.  **[0001819796_2185456:48]**

GCMG projects significant earnings growth and increases capital return to shareholders

- GCMG projects **Fee-Related Earnings (FRE)** to reach **$280 million** by **2028F**, an increase from $140 million in 2023  **[0001819796_2185454:10]** ,.  **[0001819796_2185454:54]** 
- **Adjusted Net Income Per Share** is expected to exceed **$1.20** by **2028F**, up from $0.55 in 2023  **[0001819796_2185454:10]** ,  **[0001819796_2185454:11]** ,.  **[0001819796_2185454:54]** 
- The company increased its quarterly dividend by 9% to **$0.12 per share**, effective with the dividend to be paid in the fourth quarter of 2025  **[0001819796_2185454:10]** ,  **[0001819796_2185454:54]** ,  **[0001819796_2185454:66]** ,.  **[0001819796_2185454:79]** 
- GCMG has authorized **$220 million** for share repurchases as a public company  **[0001819796_2185454:10]** ,.  **[0001819796_2185454:66]**

GCMG Projects Significant Growth in Fee-Related Earnings and Adjusted Net Income Per Share by 2028F, Alongside Increased Dividends and Share Repurchases

GCM Grosvenor (GCMG)