earnings
confidence high
sentiment positive
materiality 0.75
GCM Grosvenor Q2 AUM $76B; private markets FPAUM up 12% YoY; share repurchase authorization raised to $115M
GCM Grosvenor Inc.
2023-Q2 EPS reported
-$0.32
revenue$206,729,000
- Q2 revenue $107.6M (+3% YoY); GAAP net income attributable $4.8M (-36%); adjusted net income $22.7M (+3%).
- Private Markets Fee-Paying AUM rose 12% YoY to $39.1B; total FPAUM $60.6B (+5%); Q2 fundraising $1.5B (up ~50% QoQ).
- Fee-Related Earnings $32.8M, roughly flat; Adjusted EBITDA $36.0M (+2%).
- Board declared $0.11/share dividend payable Sept 15; increased share repurchase authorization by $25M to $115M total.
- Unrealized carried interest firm share $361M; annual run-rate performance fees $28M.