GCM Grosvenor(US:GCMG)2024-02-13 23:20Financial Performance - The company's AUM increased by 4% from $73.7 billion to $76.9 billion compared to Q4 2022[4] - Private Markets FPAUM increased by 9% from $36.9 billion to $40.3 billion[4] - Fourth quarter Fee-Related Earnings increased 23% year-over-year[4] - Adjusted EBITDA increased 40% in the fourth quarter[4] - Adjusted Net Income increased 48% in the fourth quarter[4] - GAAP Revenue increased 17% in Q4 2023[4] Strategic Growth & Fundraising - Private Markets was a key growth driver, with FPAUM increasing 9% over prior year and management fees increasing 9% over both prior year QTD and YTD[4] - The firm share of carried interest balance increased from $133 million to $373 million[6] - $30 million of Class A common stock was repurchased during the year ended December 31, 2023[49] - $9.4 billion in fundraising was achieved in 2023[11] Portfolio Composition - Private Markets accounted for 65% of FPAUM, up from 54% in 2020[6] - Direct-Oriented Strategies accounted for 52% of Private Markets AUM, up from 39% in 2020[6]