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GCM Grosvenor Elevate Fund Holds Final Close at Nearly $800 Million, the Largest Debut Private Equity Seeding Fund of Its Kind, Signaling Strong Continued Support for Small and Emerging Firm Founders
GlobeNewswire· 2025-01-23 14:00
CHICAGO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management firm, today announced its inaugural Elevate Fund (“Elevate”) has completed its final close with nearly $800 million in committed capital. Launched in 2023, Elevate makes catalytic seed investments in small and emerging private equity firms, focused on lower- and middle-market buyout strategies across industries. Elevate builds on GCM Grosvenor’s strong, multi-decade track record of investin ...
Can GCM Grosvenor (GCMG) Keep the Earnings Surprise Streak Alive?
ZACKS· 2025-01-22 18:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider GCM Grosvenor Inc. (GCMG) . This company, which is in the Zacks Financial - Investment Management industry, shows potential for another earnings beat.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.90%.F ...
GCM Grosvenor(GCMG) - 2024 Q3 - Quarterly Report
2024-11-08 21:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q __________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39716 __________________________________ GCM Grosvenor ...
GCM Grosvenor(GCMG) - 2024 Q3 - Earnings Call Transcript
2024-11-08 18:30
GCM Grosvenor Inc. (NASDAQ:GCMG) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Stacie Selinger - Head of IR Michael Sacks - Chairman and CEO Jon Levin - President Pam Bentley - CFO Conference Call Participants Crispin Love - Piper Sandler Bill Katz - TD Cowen Ken Worthington - JP Morgan Stephanie Ma - Morgan Stanley Operator Good day, and welcome to the GCM Grosvenor Third Quarter 2024 Results Webcast [Operator Instructions]. As a reminder, this call will be recorded. I ...
GCM Grosvenor (GCMG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-11-08 16:30
For the quarter ended September 2024, GCM Grosvenor Inc. (GCMG) reported revenue of $122.93 million, up 1% over the same period last year. EPS came in at $0.16, compared to $0.15 in the year-ago quarter.The reported revenue represents a surprise of -2.74% over the Zacks Consensus Estimate of $126.39 million. With the consensus EPS estimate being $0.15, the EPS surprise was +6.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...
GCM Grosvenor Inc. (GCMG) Q3 Earnings Beat Estimates
ZACKS· 2024-11-08 15:50
GCM Grosvenor Inc. (GCMG) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.15, delivering a surprise of 7.14%.Over the last four quarters, the company ...
GCM Grosvenor(GCMG) - 2024 Q3 - Quarterly Results
2024-11-08 13:32
GCM GROSVENOR 2024 Third Quarter Results. Earnings Presentation GCM Grosvenor Reports Q3 2024 Results | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
GCM Grosvenor Reports Third Quarter 2024 Earnings Results, with Year-to-Date Fundraising Increasing 34%, and Year-to-Date GAAP Net Income, Fee-Related Earnings and Adjusted Net Income Increasing 16%, 18% and 24%, Respectively, Year-Over-Year
GlobeNewswire News Room· 2024-11-08 13:30
CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today reported its results for the third quarter 2024. GCM Grosvenor issued a detailed presentation of its third quarter ending September 30, 2024 results to the Public Shareholders section of GCM Grosvenor’s website at https://www.gcmgrosvenor.com/shareholder-events. Conference Call A conference call to discuss GCM Grosvenor’s financial results will be held today, Friday, Novem ...
GCM Grosvenor to Announce Third Quarter 2024 Financial Results and Host Investor Conference Call on November 8, 2024
GlobeNewswire News Room· 2024-10-25 12:30
CHICAGO, Oct. 25, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the third quarter 2024 on Friday, November 8, 2024. Management will host a webcast and conference call on Friday, November 8, 2024, at 10:00 a.m. ET to discuss the results and provide a business update. The conference call will be available via public webcast through the Public Shareholders section of GCM Grosvenor’s website a ...
Matter Real Estate and GCM Grosvenor Continue Strategic European Residential Partnership with Investments in Germany and Denmark
GlobeNewswire News Room· 2024-10-15 08:00
LONDON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Matter Real Estate ("Matter"), a London-based real estate investment firm, with support from one of its investors, GCM Grosvenor (NASDAQ: GCMG), is pleased to announce its initial investment in residential development platform 15 Degree in Germany as well as further investment into the Velkomn platform in Denmark. Matter, with the support of various GCM Grosvenor funds, will commit to new projects totalling over €500m across both companies, with the goal of developi ...