2024 Fourth Quarter and Full Year Results Earnings Presentation GCM Grosvenor Reports Q4 and Full Year 2024 Results CHICAGO, February 10, 2025 – GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the fourth fiscal quarter ended December 31, 2024. Dividend GCM Grosvenor's Board of Directors approved a $0.11 per share dividend payable on March 17, 2025 to shareholders on record March 3, 2025. Conference Call Management will host a webcast ...

Financial Performance - GCM Grosvenor reported Q4 2024 GAAP revenue of $165.3 million, a 42% increase compared to Q4 2023[12] - Full year 2024 GAAP net income attributable to GCM Grosvenor Inc. was $18.7 million, with fee-related earnings increasing by 19% year-over-year[13] - Adjusted EBITDA for Q4 2024 was $77.6 million, reflecting a 56% increase compared to the same quarter last year[12] - The firm’s adjusted net income for the full year 2024 increased by 36% compared to the prior year[13] - Net income attributable to GCM Grosvenor Inc. rose significantly from $3.3 million in Q4 2023 to $7.6 million in Q4 2024, an increase of 133.5%[51] - Adjusted EBITDA increased from $49.7 million in Q4 2023 to $77.6 million in Q4 2024, reflecting a growth of 56.2%[46] - Adjusted Net Income for the three months ended December 31, 2024, was $52,726,000, an increase from $31,434,000 in the previous quarter[52] - Adjusted EBITDA for the same period was $77,624,000, up from $48,380,000 in the previous quarter[52] - Total Operating Revenues for the three months ended December 31, 2024, were $165,261,000, compared to $122,931,000 in the previous quarter[52] - Fee-Related Revenue increased to $104,541,000 for the three months ended December 31, 2024, from $96,154,000 in the previous quarter[52] - Adjusted Net Income Per Share - diluted for the three months ended December 31, 2024, was $0.27, up from $0.16 in the previous quarter[53] Fundraising and Capital Management - The company raised $2.3 billion in new capital during Q4 2024, bringing total fundraising for the year to $7.1 billion, a significant increase from the previous year[13] - GCM Grosvenor's carried interest earnings potential increased from $133 million in 2020 to $401 million in 2024[16] - The company approved an incremental $50 million share repurchase authorization in February 2025, with $32 million remaining in the repurchase program as of December 3, 2024[43] - The share repurchase plan authorization totals $190.0 million as of February 2025, increased from $140.0 million[87] Assets Under Management - Total assets under management (AUM) reached approximately $80 billion, up from $76.9 billion at the end of 2023[12] - The company reported a 2% increase in Total Fee-Paying AUM, reaching $64,765 million as of December 31, 2024[55] - Fee-Paying Assets Under Management (FPAUM) includes assets from customized separate accounts and specialized funds, reflecting the company's management fee base[82] Revenue Streams - Private markets management fees increased by 20% year-over-year to $66.3 million in Q4 2024[12] - Management fees grew from $95.1 million in Q4 2023 to $107.4 million in Q4 2024, a rise of 12.4%[45] - Incentive fees surged from $20.0 million in Q4 2023 to $56.8 million in Q4 2024, marking a substantial increase of 184.0%[50] - The Average Fee Rate for Private Markets Management Fees increased to 0.56% for the three months ended December 31, 2024, from 0.54% in the previous quarter[57] - The company anticipates approximately $1.0 billion in management fees from CNYFPAUM in 2025, as part of a fee ramp schedule[66] Client Relationships and Retention - The company has a client retention rate of approximately 90%, indicating strong client relationships and potential for future growth[17] Dividends - GCM Grosvenor's board approved a $0.11 per share dividend, payable on March 17, 2025[3] - The company declared a dividend of $0.11 per share, payable on March 17, 2025[43] Debt and Cash Management - Total debt as of December 31, 2024, was $436 million, with a drawn revolving credit facility of $0 million[41] - Cash and cash equivalents stood at $16 million, with total cash and investments amounting to $298 million as of December 31, 2024[41] Tax and Expenses - The corporate blended statutory tax rate is projected to be 25.0% for the year ended December 31, 2024, adjusted from 24.2% to 24.7% in Q4 2023[68] - Total general, administrative and other net expenses for the three months ended December 31, 2024, are projected to be $(20,425) thousand, compared to $(19,530) thousand for the same period in 2023[71] Investment Strategies - The company has established a dedicated private equity secondaries vertical since September 2014, reflecting its commitment to specialized investment strategies[74] - Cumulative selected private market specialized fund closings from 2009 to 2018 are included in the company's investment strategy[75] - The company aims to enhance its operating profitability through various non-GAAP financial measures, including Adjusted EBITDA and Fee-Related Earnings[80] - Run-Rate Annual Performance Fees are expected to generate a 10% gross return for specialized opportunity strategies[69]

CHICAGO, Feb. 10, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today reported its results for the fourth quarter and full year December 31, 2024. GCM Grosvenor issued a detailed presentation of its results to the Public Shareholders section of GCM Grosvenor’s website at https://www.gcmgrosvenor.com/shareholder-events. GCM Grosvenor's Board of Directors approved a $0.11 per share dividend payable on March 17, 2025 to shareholders on record M ...

CHICAGO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (NASDAQ:GCMG), a leading global alternative asset management solutions provider, is pleased to announce that Joe Metzger has joined the firm as a Managing Director in its Insurance Solutions Group, as the firm continues to expand its capabilities to meet the insurance industry's unique investment needs. Mr. Metzger brings nearly two decades of financial services and insurance industry experience, including prior roles at Guardian Life and TIAA-CREF. H ...

Wall Street expects a year-over-year increase in earnings on higher revenues when GCM Grosvenor Inc. (GCMG) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Feb ...

Company Overview - GCM Grosvenor is a global alternative asset management solutions provider with approximately $80 billion in assets under management [3] - The firm manages assets across private equity, infrastructure, real estate, credit, and absolute return investment strategies [3] - GCM Grosvenor has specialized in alternatives for more than 50 years and leverages its cross-asset class and flexible investment platform to deliver value for clients [3] - The company employs approximately 550 professionals and serves a global client base of institutional and individual investors [3] - GCM Grosvenor is headquartered in Chicago with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney [3] Upcoming Event - GCM Grosvenor will present at the Bank of America Securities Financial Services Conference on Wednesday, February 12, 2025, at 2:40 p.m. ET [1] - A live audio webcast of the presentation will be available on GCM Grosvenor's public shareholders website and the event website [2] - A replay of the webcast will be available within 24 hours after the conclusion of the live event [2]

CHICAGO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, will present at the UBS Financial Services Conference on Tuesday, February 11, 2025, at 2:40 p.m. ET. A link to the live audio webcast of the presentation is available on GCM Grosvenor’s public shareholders website and the event website. For those unable to listen to the live audio webcast, a replay will be available for 180 days following the presentation. About GCM Grosvenor ...

CHICAGO, Jan. 27, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the fourth quarter and full year 2024 on Monday, February 10, 2025. Management will host a webcast and conference call on Monday, February 10, 2025, 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 Gros ...

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 ...

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 ...