secwatch.observer — SEC 8-K summary
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Issuer:     GCM Grosvenor Inc. (GCMG)
CIK:        0001819796
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001819796-23-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819796/000181979623000023/0001819796-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819796/000181979623000023/gcm-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001819796-23-000023

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