Welcome to our dedicated page for GCM Grosvenor news (Ticker: GCMG), a resource for investors and traders seeking the latest updates and insights on GCM Grosvenor stock.
GCM Grosvenor Inc. (Nasdaq: GCMG) is a globally recognized alternative asset management firm, boasting approximately $79 billion in assets under management (AUM) as of 2024. The firm specializes in a diverse range of investment strategies, including private equity, infrastructure, real estate, credit, and absolute return investments. Established in 1971, GCM Grosvenor has built a reputable legacy in delivering customized portfolio solutions to institutional and high net worth investors.
Headquartered in Chicago, GCM Grosvenor operates a network of offices in key financial hubs such as New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. With a team of about 550 experienced professionals, the company serves a global clientele, offering both multi-manager portfolios and direct investment opportunities.
GCM Grosvenor's capabilities extend to developing tailored portfolios for clients actively involved in their investment programs, as well as providing turn-key solutions for those seeking comprehensive management. The firm's robust investment platform is known for its flexibility and cross-asset class expertise, which has been instrumental in its continued growth and success.
Recent achievements include the successful launch of CIS III, a fund aimed at offering diverse infrastructure investment opportunities, and strategic partnerships like that with Stablewood to finance single-tenant net lease retail projects. GCM Grosvenor continues to thrive by leveraging its global sourcing strategy and adaptable investment approaches.
Key news highlights from GCM Grosvenor include:
- Reporting robust financial results for Q3 and Q1 of 2023 and 2024 respectively, with conference calls available for public shareholders.
- Expansion of the Developer Capital Platform in partnership with Stablewood, focusing on retail development projects across the U.S.
- Strategic collaboration with Invidia Capital Management, led by former Goldman Sachs Healthcare Investing head Jo Natauri, to support healthcare innovation.
For more information about GCM Grosvenor, its investments, and latest updates, visit their official website at www.gcmgrosvenor.com.
GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management provider, will release its first quarter 2023 results on May 10, 2023. A conference call and webcast will be conducted at 10:00 a.m. ET on the same day to discuss the financial results and provide a business update. Investors can access the call via the Public Shareholders section of GCM Grosvenor’s website, with a replay available for seven days.
As of now, GCM Grosvenor manages approximately $74 billion in assets across various investment strategies, including private equity and infrastructure. With over 50 years of experience, the firm aims to deliver value to its global client base of institutional and high net worth investors.
GCM Grosvenor (Nasdaq: GCMG) has announced the opening of a new office in Sydney, Australia, aimed at expanding its client base in the region. Led by Andy Lukas, a veteran with over 20 years of experience from HSBC, the office will focus on delivering alternative investment solutions to clients in Australia and New Zealand. GCM Grosvenor, which manages over $16 billion in assets in the Asia-Pacific since 1996, seeks to strengthen its regional presence and better address client needs. This move aligns with the firm's strategy of enhancing global access to its alternative solutions, following recent expansions in Toronto and Frankfurt.
GreenPoint Partners has made a strategic investment in Semi-Stow, a semi-truck parking and trailer storage operator based in Austin, Texas. This investment is part of GreenPoint's new $500 million truck and trailer industrial outdoor storage platform, aimed to acquire a nationwide portfolio of semi-truck parking locations. The platform has already secured its first two acquisitions in Houston and Dallas Fort Worth, enhancing storage capacity for over 1,000 vehicles. The partnership seeks to leverage technology to improve both operations and the customer experience in this underdeveloped logistics sector.
GCM Grosvenor (Nasdaq: GCMG) reported its financial results for Q4 and full year 2022, highlighting a flat FPAUM of $58.9 billion as of December 31, 2022. While Private Markets FPAUM grew 11% to $36.9 billion, Absolute Return Strategies FPAUM fell by 14% to $22.0 billion. Total Assets Under Management rose 2% to $73.7 billion. Revenue decreased 16% to $446.5 million, primarily due to a significant drop in incentive fees by 57%. GAAP net income decreased by 8% to $19.8 million. The company declared a $0.11 per share dividend, payable March 15, 2023. Share repurchases totaled $32.8 million in 2022, with $45.5 million remaining in its repurchase plan.
GCM Grosvenor (Nasdaq: GCMG), a leader in alternative asset management, has announced that Pam Bentley, the Chief Financial Officer, will present at the Bank of America Securities Financial Services Conference on February 16, 2023, at 2:30 p.m. ET. A live audio webcast of her presentation will be accessible on GCM Grosvenor’s public shareholders website. For those who miss it, a replay will be available for 90 days after the event.
GCM Grosvenor manages around $73 billion in assets across various strategies, including private equity and real estate.
CHICAGO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG) announced that Jon Levin, President, will present at the Credit Suisse 24th Annual Financial Services Forum on February 15, 2023, at 9:25 a.m. ET. Interested parties can access the live audio webcast via GCM Grosvenor’s public shareholders website and the event website. A replay will be available for 90 days post-presentation. GCM Grosvenor manages approximately $73 billion across various investment strategies and has over 530 professionals serving a global client base from offices in major cities worldwide.
GCM Grosvenor (Nasdaq: GCMG) will announce its fourth quarter and full year 2022 results on February 14, 2023. The company, known for its global alternative asset management, manages approximately $73 billion in assets across various investment strategies. A webcast and conference call will occur on the same day at 10:00 a.m. ET to discuss the results and provide a business update. Investors can access the call via the company's website and a replay will be available for seven days post-call.
Founded over 50 years ago, GCM Grosvenor serves a global client base and is headquartered in Chicago.
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