GCM Grosvenor Inc. is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities. The firm invests in equity and alternative investment markets of the United States and internationally. The firm invests in multi-strategy, credit-focused, equity-focused, macro-focused, commodity-focused, and other specialty portfolios. It focuses on hedge fund asset classes, private equity, real estate, and/or infrastructure, credit and absolute return strategies. It also focuses on primary fund investments, secondary fund investments, and co-investments with a focus on buyout, distressed debt, early venture, mid venture, late venture, turnaround, mature, mezzanine, venture capital/growth equity investments. The firm seeks to do seed investments in small, emerging growth, and diverse private equity firms. The firm seeks to make regionally-focused investments in middle-market buyout. It prefers to invest in aerospace and defense, advanced electronics, information technology, biosciences, and advanced materials. It focuses on Europe, Michigan, North Carolina, Colorado, Idaho, Montana, Oregon and Washington. The firm employs fundamental and quantitative analysis. It prefers to have majority stakes in its portfolio companies. GCM Grosvenor Inc. was founded in 1971 and is based in Chicago, Illinois with additional offices across North America, Asia, Australia and Europe. GCM Grosvenor Inc. operates as a subsidiary of Grosvenor Capital Management Holdings, LLLP.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $566M | $182M | $45M | $175M | 168.1% | 8.0% | 142.7% |
| 2024 | $523M | $78M | $19M | $132M | -67.7% | 15.8% | 46.4% |
| 2023 | $452M | $5M | $13M | $88M | -46.2% | -0.1% | -35.5% |
| 2022 | $453M | $116M | $20M | $216M | -100.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 452.52 | 451.99 | 523.47 | 565.55 |
| Operating Revenue | - | 452.52 | 451.99 | 523.47 | 565.55 |
| Cost Of Revenue | 333.84 | 277.31 | 356.04 | 288.08 | - |
| Gross Profit | 243.73 | 175.21 | 95.94 | 235.40 | - |
| Operating Expense | - | 362.10 | 452.19 | 434.40 | 415.84 |
| Selling General And Administration | - | 366.22 | 456.84 | 440.53 | 424.11 |
| Total Expenses | - | 362.10 | 452.19 | 434.40 | 415.84 |
| Operating Income | - | 90.42 | -0.21 | 89.07 | 149.71 |
| Total Operating Income As Reported | - | 80.31 | -11.85 | 73.48 | 133.45 |
| EBITDA | - | 116.26 | 4.93 | 77.64 | 182.15 |
| Normalized EBITDA | - | 95.71 | 3.50 | 93.72 | 160.42 |
| EBIT | - | 112.41 | 2.23 | 74.32 | 177.73 |
| Interest Expense | - | 23.31 | 23.74 | 24.16 | 22.79 |
| Net Interest Income | - | -23.31 | -23.74 | -24.16 | -22.79 |
| Other Non Operating Income Expenses | - | 1.44 | 1.01 | 1.33 | 6.28 |
| Other Income Expense | - | 21.99 | 2.44 | -14.74 | 28.02 |
| Interest Expense Non Operating | - | 23.31 | 23.74 | 24.16 | 22.79 |
| Net Non Operating Interest Income Expense | - | -23.31 | -23.74 | -24.16 | -22.79 |
| Pretax Income | - | 89.09 | -21.51 | 50.16 | 154.94 |
| Tax Provision | - | 9.61 | 7.69 | 13.56 | 12.90 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.22 | 0.30 | -4.34 | 1.74 |
| Net Income Continuous Operations | - | 79.48 | -29.21 | 36.60 | 142.04 |
| Net Income From Continuing And Discontinued Operation | - | 19.82 | 12.77 | 18.70 | 45.37 |
| Net Income From Continuing Operation Net Minority Interest | - | 19.82 | 12.77 | 18.70 | 45.37 |
| Net Income | - | 19.82 | 12.77 | 18.70 | 45.37 |
| Net Income Common Stockholders | - | 19.82 | 12.77 | 18.70 | 45.37 |
| Net Income Including Noncontrolling Interests | - | 79.48 | -29.21 | 36.60 | 142.04 |
| Normalized Income | - | 1.49 | 11.65 | 30.43 | 25.37 |
| Diluted NI Availto Com Stockholders | - | 53.03 | -53.04 | 6.54 | 82.20 |
| Basic Average Shares | - | 43.90 | 43.20 | 44.70 | 51.96 |
| Diluted Average Shares | - | 188.60 | 187.43 | 190.60 | 197.29 |
| Reconciled Depreciation | - | 3.86 | 2.70 | 3.32 | 4.42 |
| Reconciled Cost Of Revenue | 333.84 | 277.31 | 356.04 | 288.08 | - |
| Total Unusual Items | - | 20.55 | 1.43 | -16.08 | 21.74 |
| Total Unusual Items Excluding Goodwill | - | 20.55 | 1.43 | -16.08 | 21.74 |
| Minority Interests | - | -59.66 | 41.98 | -17.91 | -96.67 |
| Gain On Sale Of Security | - | 20.55 | 1.43 | -16.08 | 21.74 |
| General And Administrative Expense | - | 366.22 | 456.84 | 440.53 | 424.11 |
| Other Gand A | - | 88.91 | 100.80 | 104.30 | 104.78 |
| Salaries And Wages | - | 277.31 | 356.04 | 336.24 | 319.33 |
| Other Operating Expenses | - | -4.12 | -4.65 | -6.13 | -8.27 |
| Average Dilution Earnings | - | 33.21 | -65.81 | -12.16 | 36.83 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| GCM Grosvenor Inc.this co. | GCMG | $644M | 14.19β premium | 23.85 | 168.1% | 4.84 |
| Tiptree Inc. | TIPT | $656M | 18.79 | 1.29 | 6.9% | - |
| Third Coast Bancshares, Inc. | TCBX | $652M | 9.84 | 1.23 | 12.5% | - |
| Bit Digital, Inc. | BTBT | $646M | -8.04 | 0.90 | -11.2% | -14.07 |
| Heritage Insurance Holdings, Inc. | HRTG | $642M |
| - |
| - |
| - |
| - |
| - |
| 3.28 |
| 1.27 |
| 38.7% |
| - |
| Hippo Holdings Inc. | HIPO | $635M | 11.01 | 1.46 | 13.2% | - |
| Hingham Institution for Savings | HIFS | $634M | 11.62 | 1.32 | 11.4% | - |
| Washington Trust Bancorp, Inc. | WASH | $633M | 12.12 | 1.17 | 9.6% | - |
| Carter Bankshares, Inc. | CARE | $631M | 20.12 | 1.50 | 7.5% | - |
| Peer Median | - | 11.31 | 1.28 | 10.5% | -14.07 | |