earnings
confidence medium
sentiment positive
materiality 0.75
GCM Grosvenor reports 2024 fundraising up 41%; GAAP net income +46% YoY
GCM Grosvenor Inc.
2024-FY EPS reported
$0.03
revenue$514,012,000
- Full-year 2024 GAAP net income, fee-related earnings, and adjusted net income up 46%, 19%, and 36% YoY.
- Dividend of $0.11 per share declared, payable March 17, 2025 to holders of record March 3.
- Share repurchase authorization increased by $50M to $190M total.
- Board appoints David A. Helfand as director, effective Feb 20, 2025, filling vacancy left by Blythe Masters.
- Helfand will chair the audit committee; related party insurance broker and lease disclosures made.