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) 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.
GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management firm, announced that CEO Michael Sacks will present at the Credit Suisse 23rd Annual Financial Services Forum on February 17, 2022, at 1:00 PM ET. A live audio webcast will be accessible on GCM Grosvenor’s public shareholders website. For those unable to attend, a replay will be available for 90 days post-event. GCM Grosvenor manages approximately $70 billion in assets across various investment strategies and has over 520 professionals serving a diverse client base worldwide.
GCM Grosvenor (Nasdaq: GCMG) will announce its fourth quarter and full year 2021 results on February 15, 2022. Following the release, management will host a webcast and conference call at 10:00 a.m. ET to discuss the results and provide business updates. GCM Grosvenor manages approximately $70 billion in assets across various investment strategies, serving a global clientele of institutional and high-net-worth investors. Interested parties can access the call via the company's public shareholders webpage.
GCM Grosvenor (NASDAQ: GCMG) has acquired a majority ownership stake in ReSource Waste Services, the largest processor of construction and demolition material in New England. This strategic investment aims to enhance ReSource's growth in the greater Boston area. ReSource operates five facilities with a processing capacity of 1.3 million tons per year and focuses on recycling C&D waste into valuable products. The partnership is expected to leverage GCM Grosvenor's expertise to propel ReSource into a new growth phase, enhancing services across the region.
GCM Grosvenor (NASDAQ: GCMG) reported robust results for Q3 2021, with a 16% revenue increase to $118.1 million compared to Q3 2020. Assets Under Management (AUM) rose 20% year-over-year to $70.5 billion. The Board approved an 11% dividend increase from $0.09 to $0.10 per share, payable on December 15, 2021. Adjusted Net Income surged by 16% to $23.8 million, while Fee-Related Revenue also climbed by 11%. GCM Grosvenor's positive outlook for 2021 and 2022 reflects strong investment results and fundraising efforts.
GCM Grosvenor (Nasdaq: GCMG) has successfully closed a $500 million structured alternatives investment fund. This fund will target alternative strategies such as private equity, infrastructure, absolute return strategies, and alternative credit. The fundraising was spearheaded by GCM Grosvenor Insurance Solutions, which aims to deliver alternative investment solutions tailored for insurance companies globally. With approximately $67 billion in assets under management, GCM Grosvenor continues to expand its offerings to institutional and high net worth investors.
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