Loading...
•
Mar 31, 2023
GCM Q1 2023 Earnings Report
GCM Grosvenor reported first quarter results with AUM increasing and private markets fee-paying AUM increasing from the prior year.
Key Takeaways
GCM Grosvenor reported a decrease in revenue and net income for Q1 2023 compared to Q1 2022, but assets under management increased. The company highlighted its strong client relationships and capital allocation strategy.
Assets Under Management increased 5% year over year to $75.3 billion.
Fee-Paying Assets Under Management increased 3% year over year to $59.8 billion.
Revenue decreased 6% year over year to $99.1 million, primarily due to decreased incentive fees.
GAAP Net Income Attributable to GCM Grosvenor Inc. was $(1.2) million, compared to $4.7 million in the prior year.
Forward Guidance
This press release contains forward-looking statements regarding the expected future performance of GCM Grosvenor’s business and the expected benefits of our share repurchase plan.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...