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
09 November 2024 - 12:30AM
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, November 8,
2024, at 10:00 a.m. ET. The call will be accessible via public
webcast from the Public Shareholders section of GCM Grosvenor’s
website at https://www.gcmgrosvenor.com/shareholder-events, and a
replay of the live broadcast will be available on the website soon
after the call’s completion.
The call can also be accessed by dialing (888)
256-1007 (toll-free) or (929) 477-0448 and using the passcode
8009777.
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global
alternative asset management solutions provider with approximately
$80 billion in assets under management across private equity,
infrastructure, real estate, credit, and absolute return investment
strategies. The firm has specialized in alternatives for more than
50 years and is dedicated to delivering value for clients by
leveraging its cross-asset class and flexible investment
platform.
GCM Grosvenor’s experienced team of
approximately 550 professionals serves a global client base of
institutional and individual investors. The firm is headquartered
in Chicago, with offices in New York, Toronto, London, Frankfurt,
Tokyo, Hong Kong, Seoul and Sydney. For more information, visit:
gcmgrosvenor.com.
Non-GAAP Financial Measures
Included in the results above, we report certain
financial measures that are not required by, or presented in
accordance with, GAAP. Management uses these non-GAAP measures to
assess the performance of our business across reporting periods and
believes this information is useful to investors for the same
reasons. These non-GAAP measures should not be considered a
substitute for the most directly comparable GAAP measures, which we
reconcile within the detailed presentation discussed above.
Further, these measures have limitations as analytical tools, and
when assessing our operating performance, you should not consider
these measurements in isolation or as a substitute for GAAP
measures including net income (loss). We may calculate or present
these non-GAAP financial measures differently than other companies
who report measures with the same or similar names, and as a
result, the non-GAAP measures we report may not be comparable.
Public Shareholders ContactStacie
Selingersselinger@gcmlp.com312-506-6583
Media ContactTom Johnson and Abigail
RuckH/Advisors Abernathytom.johnson@h-advisors.global /
abigail.ruck@h-advisors.global212-371-5999
Source: GCM Grosvenor
GCM Grosvenor (NASDAQ:GCMG)
Historical Stock Chart
From Nov 2024 to Dec 2024
GCM Grosvenor (NASDAQ:GCMG)
Historical Stock Chart
From Dec 2023 to Dec 2024