GCM Grosvenor(GCMG) - 2023 Q2 - Earnings Call Transcript

Great. Thank you very much. time in Secondaries. Secondaries have been dominated for the last year or so by GP-led secondaries. That continues to be the case. There has been more LP secondary activity. But to your question, I think discounts today are probably at the wider end of the range that they typically trade at throughout the cycle, and that's probably slowing the LP-led secondary evolution a little bit just because it's been a slow environment. Company Participants Conference Call Participants Great ...