GCM Grosvenor (GCMG) Company Report

On November 17, 2025, GCM Grosvenor Inc. entered into an Equity Distribution Agreement with Morgan Stanley & Co. LLC to offer and sell up to an aggregate of $100 million of its Class A common stock.
The company may offer and sell shares opportunistically through Morgan Stanley & Co. LLC, which will act as the sales agent.
GCM Grosvenor Inc. intends to use the net proceeds from any such offering for general working capital and general corporate purposes, including financing investments.
Morgan Stanley & Co. LLC will receive a commission equal to 2.5% of the gross sales proceeds of any Class A Common Stock sold through the agreement.

Nov 18, 2025, 12:55 AM

8-K

GCM Grosvenor Announces Strong Q3 2025 Results with Increased AUM and Dividend

GCMG

Earnings

Dividends

Revenue Acceleration/Inflection

GCM Grosvenor reported $87.0 billion in assets under management (AUM) as of September 30, 2025, representing a 9% increase from the prior year.
The company raised $9.5 billion over the last twelve months, marking a 52% increase compared to the prior year twelve-month period, including $1.9 billion of new capital in Q3 2025.
For the third quarter ended September 30, 2025, GAAP Revenue was $135.0 million, and GAAP Net Income attributable to GCM Grosvenor Inc. was $10.5 million, a 153% increase year-over-year. Diluted Earnings Per Share for Q3 2025 was $0.16, up 433% from the prior year quarter.
The Board of Directors approved a $0.12 per share dividend payable on December 15, 2025.

Nov 5, 2025, 3:00 PM

Presentation

GCM Grosvenor Reports Strong Q3 2025 Results with Increased Dividend and AUM Growth

GCMG

Earnings

Dividends

Revenue Acceleration/Inflection

GCM Grosvenor's Board of Directors approved a $0.12 per share dividend for Q3 2025, payable on December 15, 2025, to shareholders on record December 1, 2025.
The company reported GAAP Revenue of $135.0 million for Q3 2025, a 10% increase compared to the prior year quarter.
GAAP Net Income attributable to GCM Grosvenor Inc. for Q3 2025 was $10.5 million, representing a 153% increase year-over-year, with diluted earnings per share of $0.16.
Assets Under Management (AUM) reached $87.0 billion as of September 30, 2025, a 9% increase from Q3 2024, and Fee-Paying AUM (FPAUM) grew 10% to $70.2 billion.
GCM Grosvenor raised $1.9 billion of new capital in Q3 2025 and $7.2 billion year-to-date, marking a 49% increase compared to the prior year-to-date period.

Nov 5, 2025, 3:00 PM

Presentation

GCM Grosvenor Reports Strong Q3 2025 Results with Record AUM and Fundraising

GCMG

Earnings

Guidance Update

Revenue Acceleration/Inflection

GCM Grosvenor reported strong Q3 2025 financial results, with fee-related earnings up 18% and adjusted net income up 18% compared to Q3 2024, achieving a 45% fee-related earnings margin.
The company reached record assets under management (AUM) of $87 billion, a 9% increase year-over-year, and fee-paying AUM grew 10% to $70 billion.
Fundraising momentum continued with $7.2 billion raised year-to-date, exceeding total fundraising for the full year 2024, and a record $9.5 billion raised over the last 12 months, primarily driven by infrastructure and credit strategies.
The quarterly dividend was increased to $0.12 per share , and the company aims to double 2023 fee-related earnings to over $280 million by 2028 and drive 2028 adjusted net income per share to over $1.20.
Gross unrealized carried interest balance reached an all-time high of $941 million , with $25 million in total incentive fees realized during the quarter.

Nov 5, 2025, 3:00 PM

Transcript

GCM Grosvenor Reports Strong Q3 2025 Results and Declares Dividend

GCMG

Earnings

Dividends

Share Buyback

GCM Grosvenor reported strong year-to-date Q3 2025 financial results, with GAAP Net Income increasing 138%, Fee-Related Earnings increasing 15%, and Adjusted Net Income increasing 19% year-over-year.
Year-to-date fundraising for Q3 2025 increased 49% year-over-year, reaching $7.2 billion.
The company's assets under management (AUM) reached approximately $87 billion as of September 30, 2025.
The Board of Directors approved a $0.12 per share dividend payable on December 15, 2025, to shareholders of record on December 1, 2025.
As of September 30, 2025, $86 million remained authorized under the share repurchase plan.

Nov 5, 2025, 1:03 PM

8-K

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

GCMG

Dividends

Share Buyback

Guidance Update

GCMG projects Fee-Related Earnings (FRE) to reach $280 million by 2028F, an increase from $140 million in 2023 ,.
Adjusted Net Income Per Share is expected to exceed $1.20 by 2028F, up from $0.55 in 2023 , ,.
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 , , ,.
GCMG has authorized $220 million for share repurchases as a public company ,.

Oct 15, 2025, 12:00 PM

Presentation

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

GCMG

Guidance Update

Dividends

New Projects/Investments

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.
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.
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. The last 12 months saw $9.5 billion in capital formation, the highest in the company's history.
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.
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.

Oct 15, 2025, 12:00 PM

Transcript

GCMG projects significant earnings growth and increases capital return to shareholders

GCMG

Guidance Update

Dividends

Share Buyback

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.
The company is increasing its quarterly cash dividend to $0.12 per share and has authorized $220 million for share repurchases.
GCMG aims for significant AUM growth in key strategies, targeting $40 billion+ for Infrastructure and $35 billion+ for Absolute Return in approximately five years.
For the Last Twelve Months (LTM), GCMG reported $177 million in Fee-Related Earnings and $152 million in Adjusted Net Income.