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Jun 30, 2021
GCM Q2 2021 Earnings Report
Reported strong Q2 2021 results, increased dividend and approved a stock repurchase plan.
Key Takeaways
GCM Grosvenor reported a strong second quarter with a 33% increase in revenue to $119.7 million and a 9% increase in Fee-Related Earnings to $27.5 million. The company reaffirmed its full-year 2021 guidance and increased its quarterly dividend by 12.5%. A stock repurchase plan was approved for up to $25 million.
Revenue increased 33% to $119.7 million.
Fee-Related Revenue increased 13% to $84.9 million.
Fee-Related Earnings increased 9% to $27.5 million.
Investments and Carried Interest at NAV increased 121% to $349 million.
Forward Guidance
GCM Grosvenor reaffirmed its prior full year 2021 guidance of Fee-Related Revenue growth of 12-15% compared to fiscal year 2020 and Fee-Related Earnings growth of 15-20% as compared to fiscal year 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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