GCM Grosvenor Q1 AUM up 5% but net loss $1.2M; adjusted net income down 17%

GCM Grosvenor Inc.

2023-Q1 EPS reported -$0.10 revenue$99,116,000

GAAP net loss of $1.2M vs profit of $4.7M a year ago; revenue down 6% to $99.1M.
Private Markets FPAUM up 12% to $38.0B; ABS strategies FPAUM down 9% to $21.8B.
Adjusted net income fell 17% to $19.6M; incentive fees declined 52%.
Board declared $0.11 per share dividend payable June 15; $22.7M in share repurchases in Q1.
Unrealized carried interest firm share $375.9M; annual performance fee run-rate $28.5M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GCM Grosvenor Inc. reported the three months ended March 31, 2023 results: revenue $99.1 million, net income $(1.2) million.

Period: the three months ended March 31, 2023
Revenue: $99.1 million
Net income: $(1.2) million
Result: reported results

Exact text from the filing

the prior year to $75.3 billion as of March 31, 2023 Revenue 1 and Fee-Related Revenue • Revenue decreased 6% from the three months ended March 31, 2022 ("prior year QTD") to $99.1 million for the three months ended March 31, 2023, primarily due to decreased incentive fees • Fee-Related Revenue of $90.0 million was generally in line with prior year QTD ◦ Private

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Source: SEC EDGAR

accession 0001819796-23-000023

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