GCM Grosvenor Inc. - GCMG STOCK NEWS

GCM Grosvenor (Nasdaq: GCMG) and Blue Wolf Capital Partners announced the acquisition of Hallcon Corporation from Novacap. This strategic move aims to enhance Hallcon's North American footprint and expand its electric vehicle charging infrastructure.

With operations across 29 U.S. states and six Canadian provinces, Hallcon provides critical transportation services and facilities maintenance. The investment will facilitate growth in new markets, including Seattle, Austin, and Atlanta, while supporting customers transitioning to electric fleets.

On June 29, 2022, GCM Grosvenor (Nasdaq: GCMG) released its 2021 Labor and Economic Impact Report for the Labor Impact Fund (LIF). The report reveals that five LIF investments have generated around 3.1 million union work-hours and are projected to yield over $4 billion in economic impact. Additionally, these investments are expected to create $1.8 billion in wages and $480 million in tax revenue. The Fund aims to align stakeholders to achieve strong risk-adjusted returns, with projects progressing on schedule and budget.

GCM Grosvenor (Nasdaq: GCMG) announced that President Jon Levin will present at the Morgan Stanley US Financials, Payments and CRE Conference on June 13, 2022, at 11:00 a.m. ET. The live audio webcast can be accessed via GCM Grosvenor's public shareholders website. A replay will be available for 180 days post-presentation. GCM Grosvenor manages around $71 billion in assets across various investment strategies.

GCM Grosvenor (Nasdaq: GCMG) announced that Chief Financial Officer Pam Bentley will present at William Blair's 42nd Annual Growth Stock Conference on June 7, 2022, at 3:00 p.m. ET. A live audio webcast will be accessible on the company's shareholder website, with a replay available for 90 days post-event. GCM Grosvenor, a leader in alternative asset management with approximately $71 billion in assets under management, has been in the sector for over 50 years, serving a diverse global client base from its Chicago headquarters and various international offices.

GCM Grosvenor (Nasdaq: GCMG) reported strong first-quarter results for the period ending March 31, 2022, highlighting a 10% increase in Assets Under Management (AUM) to $71.3 billion and a 2% revenue growth to $105.1 million.

The firm announced a $20 million increase in its stock repurchase authorization, raising it from $45 million to $65 million. Notably, GAAP Net Income surged by 86% to $4.7 million, and Fee-Related Earnings rose by 26% to $31.7 million. Additionally, a dividend of $0.10 per share was approved for shareholders.

GCM Grosvenor (Nasdaq: GCMG) will announce its first quarter 2022 results on May 10, 2022. A conference call and webcast will follow at 10:00 a.m. ET, providing a business update and discussing financial performance. GCM Grosvenor is a global alternative asset management firm managing approximately $72 billion across various investment sectors, including private equity and infrastructure. The firm has over 520 professionals serving institutional and high net worth clients worldwide.

GCM Grosvenor (Nasdaq: GCMG) announced that its President, Jon Levin, will present at the 2022 RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 4:00 p.m. ET. A live audio webcast link will be available on the firm's public shareholders website. GCM Grosvenor manages approximately $72 billion in assets across various investment strategies, serving a global client base. A replay of the presentation will be accessible for one year after the event.

GCM Grosvenor (Nasdaq: GCMG) announced strong financial results for Q4 2021 and the full year, with Assets Under Management increasing 16% YoY to $72.1 billion. Revenue rose 23% in Q4 to $190.6 million and 24% for the year to $531.6 million. Net income for the year reached $21.5 million, while adjusted net income increased 31% to $118.8 million. The Board approved a $0.10 dividend and increased the stock repurchase plan by $20 million to $45 million, aiming to enhance shareholder value.

On February 11, 2022, GCM Grosvenor (Nasdaq: GCMG) announced it raised $1.5 billion for diverse manager investment mandates in 2021, totaling approximately $11 billion in AUM by year-end. The $1.5 billion includes $500 million for Real Estate and $1 billion for Private Equity, with a notable $770 million for its inaugural Advance Fund. A total of 55 institutional investors participated, including 43 new commitments. GCM Grosvenor has focused on diverse managers since 2002, highlighting the growing interest in investing with women and minorities.