GCM Grosvenor(GCMG) - 2024 Q4 - Earnings Call Presentation

Financial Performance - GCM Grosvenor reported GAAP Revenue of $165.3 million for the fourth quarter of 2024, a 42% increase compared to Q4 2023, and $514.0 million for the full year 2024, a 16% increase compared to the prior year[12] - GAAP net income attributable to GCM Grosvenor Inc was $7.6 million for Q4 2024, a 134% increase compared to Q4 2023, and $18.7 million for the full year 2024, a 46% increase compared to the prior year[12] - Adjusted EBITDA was $77.6 million for Q4 2024, a 56% increase compared to Q4 2023, and $213.8 million for the full year 2024, a 32% increase compared to the prior year[12] - Adjusted Net Income was $52.7 million for Q4 2024, a 63% increase compared to Q4 2023, and $140.8 million for the full year 2024, a 36% increase compared to the prior year[12] - Adjusted Net Income Per Share - Diluted was $0.27 for Q4 2024, a 59% increase compared to Q4 2023, and $0.74 for the full year 2024, a 35% increase compared to the prior year[12] Assets Under Management (AUM) - GCM Grosvenor's Assets Under Management (AUM) increased to $80.1 billion as of December 31, 2024, a 4% increase compared to $76.9 billion as of December 31, 2023[12] - Fee-Paying AUM (FPAUM) increased to $64.8 billion as of December 31, 2024, a 5% increase compared to $61.7 billion as of December 31, 2023[12] - Private Markets FPAUM increased to $42.7 billion as of December 31, 2024, a 6% increase compared to $40.3 billion as of December 31, 2023[12] - Absolute Return Strategies FPAUM increased to $22.1 billion as of December 31, 2024, a 3% increase compared to $21.4 billion as of December 31, 2023[12] Capital and Fundraising - GCM Grosvenor raised $2.3 billion of new capital in the fourth quarter of 2024, bringing full year 2024 fundraising to $7.1 billion, a 41% increase compared to the prior year[12] Shareholder Returns - 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[3, 45] - The Board of Directors approved an incremental $50 million share repurchase authorization in February 2025[12, 45]