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Sep 30, 2022
GCM Q3 2022 Earnings Report
GCM Grosvenor reported a good third quarter in a tough environment, with strong fundraising and double digit private markets revenue growth.
Key Takeaways
GCM Grosvenor reported a positive Q3 2022, marked by a 16% increase in revenue to $137.2 million and an 11% increase in adjusted net income to $26.6 million. The firm's AUM reached $72.6 billion, with private markets FPAUM growing by 14% year-over-year. The company also increased its dividend to $0.11 per share and boosted its share repurchase authorization by $25 million to $90 million.
Assets Under Management increased 3% year-over-year to $72.6 billion.
Fee-Paying Assets Under Management increased 3% year-over-year to $58.1 billion.
Private Markets FPAUM increased 14% year-over-year to $35.5 billion.
Revenue increased 16% year-over-year to $137.2 million.
Forward Guidance
GCM Grosvenor's Board of Directors increased the firm's existing share repurchase authorization by $25 million, from $65 million to $90 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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