GCMG on Nasdaq
GCM Grosvenor Inc.
GCM Grosvenor Inc. is an American investment advice company based in Chicago, listed on Nasdaq (GCMG).1
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Last updated Oct 21, 2026.
Overview
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- TickerGCMG on Nasdaq1
- IndustryInvestment Advice1
- HeadquartersChicago, Illinois1
- Incorporated inDE3
- Business address900 North Michigan Avenue, Suite 1100, Chicago, Il 606113
- Filer categoryAccelerated filer3
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The forward-looking statements in this Annual Report on Form 10-K are only current expectations and predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the historical performance of GCM Grosvenor’s funds may not be indicative of GCM Grosvenor’s future results; risks related to redemptions and termination of engagements; the variable nature of GCM Grosvenor’s revenues; competit…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
23.9%Operating margin2
8.1%Net margin2
8.5%Revenue growth, 20252
168.1%Return on equity2
15.87×Debt to equity2
$175.0MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Management Fees Before Reimbursement Revenue brought in 74% of the revenue GCM Grosvenor Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Management Fees Before Reimbursement Revenue | $360.9M | $387.0M | $408.0M |
| Management Service, Incentive, Performance Fees | $15.3M | $55.3M | $68.2M |
| Management Service, Incentive, Carried Interest | $49.6M | $50.9M | $55.3M |
| Expense Reimbursement | $14.6M | $14.7M | $17.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin19¢$104.8M
- Other costs71¢$394.5M
- Income tax2¢$12.9M
- Profit8¢$45.4M
Out of $557.6M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending5¢$8.5M
- Share buybacks17¢$30.7M
- Kept or used elsewhere79¢$144.4M
Out of $183.5M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total operating revenues | $557.6M | $514.0M | $445.0M |
| Employee compensation and benefits | $319.3M | $336.2M | $356.0M |
| General, administrative and other | $104.8M | $104.3M | $100.8M |
| Total operating expenses | $424.1M | $440.5M | $456.8M |
| Operating income (loss) | $133.5M | $73.5M | -$11.8M |
| Investment income | $16.3M | $15.6M | $11.6M |
| Interest expense | -$22.8M | -$24.2M | -$23.7M |
| Other income | $6.3M | $1.3M | $1.0M |
| Change in fair value of warrant liabilities | $21.7M | -$16.1M | $1.4M |
| Net other income (expense) | $21.5M | -$23.3M | -$9.7M |
| Income (loss) before income taxes | $154.9M | $50.2M | -$21.5M |
| Provision for income taxes | $12.9M | $13.6M | $7.7M |
| Net income (loss) | $142.0M | $36.6M | -$29.2M |
| Less: Net income attributable to noncontrolling interests in subsidiaries | $3.5M | $2.5M | $5.0M |
| Less: Net income (loss) attributable to noncontrolling interests in GCMH | $93.2M | $15.4M | -$47.0M |
| Net income attributable to GCM Grosvenor Inc. | $45.4M | $18.7M | $12.8M |
| Basic (in dollars per share) | $0.87 | $0.42 | $0.30 |
| Diluted (in dollars per share) | $0.42 | $0.03 | -$0.28 |
| Basic (in shares) | 52.0M shares | 44.7M shares | 43.2M shares |
| Diluted (in shares) | 197.3M shares | 190.6M shares | 187.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $242.1M | $89.5M | ||
| Management fees receivable | $23.9M | $28.4M | ||
| Incentive fees receivable | $73.9M | $58.3M | ||
| Investments | $275.3M | $257.8M | ||
| Premises and equipment, net | $29.9M | $22.7M | ||
| Lease right-of-use assets | $40.0M | $41.1M | ||
| Intangible assets, net | $0 | $1.3M | ||
| Goodwill | $29.0M | $29.0M | ||
| Deferred tax assets, net | $56.7M | $51.2M | ||
| Other assets | $28.4M | $20.8M | ||
| Total assets | $813.8M | $612.7M | ||
| Accrued compensation and employee related obligations | $108.1M | $112.5M | ||
| Debt | $428.4M | $432.0M | ||
| Payable to related parties pursuant to the tax receivable agreement | $54.6M | $51.4M | ||
| Lease liabilities | $51.8M | $53.9M | ||
| Warrant liabilities | $0 | $22.5M | ||
| Accrued expenses and other liabilities | $43.3M | $30.7M | ||
| Total liabilities | $686.3M | $703.1M | ||
| Preferred stock, $0.0001 par value, 100,000,000 shares authorized; none issued | $0 | $0 | ||
| Additional paid-in capital | $44.0M | $5.8M | ||
| Accumulated other comprehensive income (loss) | -$770.0K | $1.6M | ||
| Retained earnings | -$16.3M | -$35.0M | ||
| Total GCM Grosvenor Inc. equity (deficit) | $27.0M | -$27.6M | ||
| Noncontrolling interests in subsidiaries | $44.0M | $52.2M | ||
| Noncontrolling interests in GCMH | $56.4M | -$115.0M | ||
| Total equity (deficit) | $127.4M | -$90.3M | -$111.2M | -$94.0M |
| Total liabilities and equity (deficit) | $813.8M | $612.7M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred stock issued (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $242.1M | $89.5M | ||
| Management fees receivable | $23.9M | $28.4M | ||
| Incentive fees receivable | $73.9M | $58.3M | ||
| Investments | $275.3M | $257.8M | ||
| Premises and equipment, net | $29.9M | $22.7M | ||
| Lease right-of-use assets | $40.0M | $41.1M | ||
| Intangible assets, net | $0 | $1.3M | ||
| Goodwill | $29.0M | $29.0M | ||
| Deferred tax assets, net | $56.7M | $51.2M | ||
| Other assets | $28.4M | $20.8M | ||
| Total assets | $813.8M | $612.7M | ||
| Accrued compensation and employee related obligations | $108.1M | $112.5M | ||
| Debt | $428.4M | $432.0M | ||
| Payable to related parties pursuant to the tax receivable agreement | $54.6M | $51.4M | ||
| Lease liabilities | $51.8M | $53.9M | ||
| Warrant liabilities | $0 | $22.5M | ||
| Accrued expenses and other liabilities | $43.3M | $30.7M | ||
| Total liabilities | $686.3M | $703.1M | ||
| Preferred stock, $0.0001 par value, 100,000,000 shares authorized; none issued | $0 | $0 | ||
| Additional paid-in capital | $44.0M | $5.8M | ||
| Accumulated other comprehensive income (loss) | -$770.0K | $1.6M | ||
| Retained earnings | -$16.3M | -$35.0M | ||
| Total GCM Grosvenor Inc. equity (deficit) | $27.0M | -$27.6M | ||
| Noncontrolling interests in subsidiaries | $44.0M | $52.2M | ||
| Noncontrolling interests in GCMH | $56.4M | -$115.0M | ||
| Total equity (deficit) | $127.4M | -$90.3M | -$111.2M | -$94.0M |
| Total liabilities and equity (deficit) | $813.8M | $612.7M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred stock issued (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $142.0M | $36.6M | -$29.2M |
| Depreciation and amortization expense | $4.4M | $3.3M | $2.7M |
| Equity-based compensation, equity-classified awards | $40.4M | $31.4M | $21.6M |
| Deferred income tax expense | $4.1M | $7.8M | $2.8M |
| Other non-cash compensation | $448.0K | $558.0K | $1.2M |
| Partnership interest-based compensation | $46.2M | $72.1M | $103.9M |
| Amortization of debt issuance costs | $776.0K | $902.0K | $1.1M |
| Amortization of terminated swap | -$7.6M | -$7.6M | -$6.7M |
| Loss on extinguishment of debt | $0 | $157.0K | $0 |
| Change in fair value of warrant liabilities | -$21.7M | $16.1M | -$1.4M |
| Change in payable to related parties pursuant to tax receivable agreement | -$1.8M | $859.0K | $1.6M |
| Proceeds received from investments | $16.8M | $13.1M | $10.5M |
| Non-cash investment income | -$16.3M | -$15.6M | -$11.6M |
| Non-cash lease expense | $3.8M | $5.6M | $6.9M |
| Other | $97.0K | $519.0K | $513.0K |
| Management fees receivable | $4.6M | -$3.4M | -$6.2M |
| Incentive fees receivable | -$15.5M | -$31.0M | -$10.9M |
| Due from related parties | -$1.9M | $900.0K | -$462.0K |
| Other assets | -$7.5M | -$3.5M | $2.3M |
| Accrued compensation and employee related obligations | -$6.4M | $13.2M | $8.2M |
| Lease liabilities | -$4.8M | $4.2M | -$7.0M |
| Accrued expenses and other liabilities | $3.4M | $2.7M | $2.2M |
| Net cash provided by operating activities | $183.5M | $148.8M | $92.1M |
| Purchases of premises and equipment | -$8.5M | -$16.7M | -$3.8M |
| Contributions/subscriptions to investments | -$34.7M | -$26.2M | -$27.6M |
| Distributions from investments | $16.7M | $11.1M | $12.6M |
| Net cash used in investing activities | -$26.5M | -$31.8M | -$18.8M |
| Capital contributions received from noncontrolling interest | $3.2M | $1.9M | $2.3M |
| Capital distributions paid to partners and member | -$82.2M | -$69.6M | -$58.3M |
| Capital distributions paid to the noncontrolling interest | -$14.9M | -$12.4M | -$15.4M |
| Proceeds from senior loan issuance | $0 | $50.0M | $0 |
| Principal payments on senior loan | -$4.4M | -$3.2M | -$4.0M |
| Debt issuance costs | $0 | -$556.0K | $0 |
| Payments to repurchase Class A common stock | -$30.7M | $0 | -$4.5M |
| Proceeds from exercise of warrants | $119.7M | $0 | $0 |
| Settlement of equity-based compensation in satisfaction of withholding tax requirements | -$16.2M | -$12.7M | -$10.2M |
| Proceeds from Share Purchase Agreement, net | $49.8M | $0 | $0 |
| Dividends paid | -$25.3M | -$20.5M | -$20.3M |
| Payments to related parties, pursuant to tax receivable agreement | -$3.8M | -$3.2M | -$3.2M |
| Net cash used in financing activities | -$4.9M | -$70.4M | -$113.7M |
| Effect of exchange rate changes on cash | $492.0K | -$1.5M | -$372.0K |
| Net increase (decrease) in cash and cash equivalents | $152.7M | $45.1M | -$40.8M |
| Cash paid during the year for interest | $28.6M | $32.3M | $30.0M |
| Cash paid during the year for income taxes, net | $6.5M | $5.0M | $3.4M |
| Non-cash ROU assets obtained in exchange for new and extended operating leases | $3.0M | $9.1M | $34.1M |
| Non-cash adjustment to operating lease right-of-use assets from lease modification | -$444.0K | -$790.0K | -$836.0K |
| Non-cash premises and equipment additions in accrued expenses and other liabilities | $1.8M | $781.0K | $693.0K |
| Deemed contributions from GCMH Equityholders | $46.2M | $72.1M | $103.9M |
| Establishment of deferred tax assets, net related to non-cash activities | -$768.0K | -$492.0K | $384.0K |
| Non-cash change in payable to related parties pursuant to tax receivable agreement | $7.0M | $859.0K | $1.6M |
No quarter-by-quarter statement was filed.
Corporate structure
GCM Grosvenor Inc. sits at the top of its group. 62 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of GCM Grosvenor Inc.
- Michael Jay Sacks Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Aug 13, 2026 (5 filings since Feb 14, 2023)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Jul 31, 2026 (2 filings since Apr 29, 2026)
- Ameriprise Financial Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest May 15, 2026 (7 filings since Feb 14, 2022)
- ARIEL INVESTMENTS, LLC Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest May 14, 2026 (5 filings since Feb 14, 2023)
- Sumitomo Mitsui Trust Group Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Apr 30, 2026 (2 filings since Jul 31, 2025)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Mar 26, 2026 (5 filings since Feb 10, 2022)
- CF Finance Holdings LLC Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Feb 17, 2026 (2 filings since Oct 6, 2025)
- LMR Partners LLP Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Feb 17, 2026 (4 filings since Feb 14, 2025)
- WASATCH ADVISORS LP Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Aug 13, 2025 (3 filings since Nov 14, 2024)
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Aug 4, 2025 (5 filings since Feb 2, 2022)
- BlackRock Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Jul 17, 2025 (4 filings since Feb 4, 2022)
- ROYCE & ASSOCIATES LP Filed SCHEDULE 13G/A on GCM Grosvenor Inc., latest Jul 16, 2025 (8 filings since Jan 21, 2022)
- GCM Grosvenor Inc. Chicago, Illinois
- CFIG (Cayman) Holdings Limited Subsidiary · Cayman Islands
- CFIG Advisors, LLC Subsidiary · Delaware, United States
- CFIG Equity Ventures (MI), LLC Subsidiary · Delaware, United States
- CFIG Fund Partners II, L.P. Subsidiary · Delaware, United States
- CFIG Fund Partners III, L.P. Subsidiary · Delaware, United States
- CFIG Fund Partners, L.P. Subsidiary · Delaware, United States
- CFIG Holdings, LLC Subsidiary · Delaware, United States
- CFIG NPS GP, LLC Subsidiary · Delaware, United States
- CION Grosvenor Management, LLC Subsidiary · Delaware, United States
- GCM Acquisition Corp. I Subsidiary · Delaware, United States
- GCM Acquisition Partners, L.L.C. Subsidiary · Delaware, United States
- GCM CFIG Fund Partners IV, L.P. Subsidiary · Delaware, United States
- GCM CFIG GP, LLC Subsidiary · Delaware, United States
- GCM EU GP S.à r.l Subsidiary · Luxembourg
- GCM Fiduciary Services, LLC Subsidiary · Delaware, United States
- GCM Grosvenor (Australia) Pty Ltd Subsidiary · Australia
- GCM Grosvenor (Deutschland) GmbH Subsidiary · Germany
- GCM Grosvenor Fund Partners (Cayman) I, Inc. Subsidiary · Cayman Islands
- GCM Grosvenor Holdings (Canada) SPV, LLC Subsidiary · Delaware, United States
- GCM Grosvenor Holdings (Canada) ULC Subsidiary · Canada
- GCM Grosvenor Holdings, LLC Subsidiary · Delaware, United States
- GCM Grosvenor Wealth Holdings L.L.C. Subsidiary · Delaware, United States
- GCM Grosvenor Wealth L.P. Subsidiary · Delaware, United States
- GCM Infrastructure Holdings I, LLC Subsidiary · Delaware, United States
- GCM Investment Corporation, LLC Subsidiary · Delaware, United States
- and 36 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What GCM Grosvenor Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $69.4M2 Dec 31, 2025 | $60.8M2 Dec 31, 2024 | +14.3% |
| Accumulated depreciation | $39.6M2 Dec 31, 2025 | $38.1M2 Dec 31, 2024 | +3.9% |
| Property and equipment, net | $29.9M2 Dec 31, 2025 | $22.7M2 Dec 31, 2024 | +31.8% |
| Operating-lease assets (leased space) | $40.0M2 Dec 31, 2025 | $41.1M2 Dec 31, 2024 | −2.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $242.1M2 Dec 31, 2025 | $89.5M2 Dec 31, 2024 | +170.7% |
| Stakes in other companies (equity method) | $255.7M2 Dec 31, 2025 | $245.6M2 Dec 31, 2024 | +4.1% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $29.0M2 Dec 31, 2025 | $29.0M2 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $02 Dec 31, 2025 | $1.3M2 Dec 31, 2024 | −100.0% |
| Finite-lived intangibles, gross | $62.4M2 Dec 31, 2025 | $62.4M2 Dec 31, 2024 | 0% |
| Accumulated amortization | $62.4M2 Dec 31, 2025 | $61.0M2 Dec 31, 2024 | +2.2% |
| Finite-lived intangibles, net | $02 Dec 31, 2025 | $1.3M2 Dec 31, 2024 | −100.0% |
Properties, in its own words
We do not own any real estate or other physical properties materially important to our operations. The Company has entered into operating lease agreements for office space. We lease office space in various countries around the world and maintain our headquarters in Chicago, Illinois. We lease (the “Lease”) our principal headquarters at 900 N. Michigan Avenue, Suite 1100, Chicago, IL 60611 from 900 North Michigan, LLC, a Delaware limited liability company. The term of the Lease expires September 30, 2037. The Lease provides for monthly rent and payment of operating expenses on a triple-net basis. We consider our current office space, combined with the other office space otherwise available to our executive officers, adequate for our current operations.
Item 2 of the 10-K filed Feb 19, 2026.5
Leadership
Who has led GCM Grosvenor Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerMichael Jay Sacks Nov 17, 2020 to now14
- PresidentJonathan Reisin Levin Nov 17, 2020 to now15
- Chief financial officerPamela L. Bentley Jan 11, 2021 to now16
- Chief operating officerFrancis Osarume Idehen Nov 17, 2020 to Aug 17, 202117
Board members and other officers (10)
- Chief Investment OfficerFrederick Pollock Nov 17, 2020 to now18
- M D and Head of AccountingKathleen Patricia Sullivan Nov 17, 2020 to now19
- Chief HR OfficerSandra Hurse Nov 17, 2020 to now20
- Board memberDavid Helfand Feb 24, 2025 to now21
- Board memberAngela Blanton Nov 17, 2020 to now22
- Board memberBlythe Masters Nov 17, 2020 to Jan 2, 202523
- Board memberFrancesca Cornelli Nov 17, 2020 to now24
- Board memberJonathan Reisin Levin Nov 17, 2020 to now15
- Board memberMichael Jay Sacks Nov 17, 2020 to now14
- Board memberStephen Malkin Nov 17, 2020 to now25
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- CFIG (Cayman) Holdings Limited Cayman Islands4
- CFIG Advisors, LLC Delaware4
- CFIG Equity Ventures (MI), LLC Delaware4
- CFIG Fund Partners II, L.P. Delaware4
- CFIG Fund Partners III, L.P. Delaware4
- CFIG Fund Partners, L.P. Delaware4
- CFIG Holdings, LLC Delaware4
- CFIG NPS GP, LLC Delaware4
- CION Grosvenor Management, LLC Delaware4
- GCM Acquisition Corp. I Delaware4
- GCM Acquisition Partners, L.L.C. Delaware4
- GCM CFIG Fund Partners IV, L.P. Delaware4
- GCM CFIG GP, LLC Delaware4
- GCM EU GP S.à r.l Luxembourg4
- GCM Fiduciary Services, LLC Delaware4
- GCM Grosvenor (Australia) Pty Ltd Australia4
- GCM Grosvenor (Deutschland) GmbH Germany4
- GCM Grosvenor Fund Partners (Cayman) I, Inc. Cayman Islands4
- GCM Grosvenor Holdings (Canada) SPV, LLC Delaware4
- GCM Grosvenor Holdings (Canada) ULC Canada4
- GCM Grosvenor Holdings, LLC Delaware4
- GCM Grosvenor L.P. Illinois4
- GCM Grosvenor Wealth Holdings L.L.C. Delaware4
- GCM Grosvenor Wealth L.P. Delaware4
All 62 listed subsidiaries
- GCM Infrastructure Holdings I, LLC Delaware4
- GCM Investment Corporation, LLC Delaware4
- GCM Investment Holdings Corporation, LLC Delaware4
- GCM Investments (Korea) Co. Ltd. South Korea4
- GCM Investments GP, LLC Delaware4
- GCM Investments Hong Kong Limited Hong Kong4
- GCM Investments Japan K.K. Japan4
- GCM Investments UK LLP United Kingdom4
- GCM JV Holding, LLC Delaware4
- GCM Management Carry, LLC Delaware4
- GCM Management Incentive Plan I, LP Delaware4
- GCM PEREI Partners V DRE, LLC Delaware4
- GCM PEREI Partners V, L.P. Delaware4
- GCM PEREI Partners VI DRE, LLC Delaware4
- GCM PEREI Partners VI, L.P. Delaware4
- GCM PEREI Partners VII DRE, LLC Delaware4
- GCM PEREI Partners VII, L.P. Delaware4
- GCM Partners I, L.P. Delaware4
- GCM Project R GP, L.P. Delaware4
- GCM Scots GP, LLP Scotland4
- GCM UK 2 Limited United Kingdom4
- GCM UK Limited United Kingdom4
- GCM Wizard GP Limited Cayman Islands4
- GCM, L.L.C. Delaware4
- GRV Securities LLC Delaware4
- Grosvenor Capital Management GP Ltd. Cayman Islands4
- Grosvenor Capital Management Holdings, LLLP Delaware4
- Grosvenor Capital Management, Ltd. Cayman Islands4
- Hedge Fund Strategies Aggregator, LLC Delaware4
- Hedge Fund Strategies Aggregator2, LLC Delaware4
- Hedge Fund Strategies Aggregator3, LLC Delaware4
- Michigan Growth Capital Partners GP, LLC Delaware4
- Michigan Growth Capital Partners SBIC GP, LLC Delaware4
- Mosaic Acquisitions 2020, L.P. Cayman Islands4
- Mosaic GP Entity, L.P. Delaware4
- Mosaic NewCo Subsidiary, LP Delaware4
- PVM Investment Holdings, LLC Delaware4
- TRS Legacy GP, LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 10, 20268-K Results of operations26
- Jun 12, 20268-K Shareholder vote27
- May 7, 20268-K Results of operations28
- Feb 10, 20268-K Results of operations29
- Nov 18, 20258-K Other events30
- Nov 5, 20258-K Results of operations31
- Oct 15, 20258-K Regulation FD disclosure32
- Aug 7, 20258-K Results of operations33
- Jul 14, 20258-K Executive or director change34
- Jun 6, 20258-K Shareholder vote35
- May 7, 20258-K Results of operations36
- Apr 15, 20258-K Entered a material agreement37
- Nov 17, 2020New chief executive Michael Jay Sacks becomes CEO14
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.17 a share, on Nov 5, 2025.38
When it reported results
- Aug 10, 2026Reported quarterly or annual results26
- May 7, 2026Reported quarterly or annual results28
- Feb 10, 2026Reported quarterly or annual results29
- Nov 5, 2025Reported quarterly or annual results31
- Aug 7, 2025Reported quarterly or annual results33
- May 7, 2025Reported quarterly or annual results36
- Feb 10, 2025Reported quarterly or annual results39
- Nov 8, 2024Reported quarterly or annual results40
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
380 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 32 major events, 212 insider forms, 65 large holders, 51 other. The latest 20:
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Sep 16, 2026144 EDGAR
- Sep 16, 20264 EDGAR
- Sep 15, 2026144 EDGAR
- Sep 3, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 17, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jun 12, 20268-K CURRENT REPORT EDGAR
The 380 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
36 open-market trades by officers, directors and large owners since October 2021: 0 buys and 36 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2026 | Bentley Pamela LChief Financial Officer | Sale | 10,000 | $12.68 | $126.8K | Form 4 |
| Sep 15, 2026 | Bentley Pamela LChief Financial Officer | Sale | 40,000 | $12.56 | $502.4K | Form 4 |
| Sep 3, 2026 | SULLIVAN KATHLEEN PATRICIAPrincipal Accounting Officer | Sale | 15,037 | $13.16 | $197.9K | Form 4 |
| Sep 2, 2026 | SULLIVAN KATHLEEN PATRICIAPrincipal Accounting Officer | Sale | 24,963 | $13.15 | $328.3K | Form 4 |
| Jul 16, 2026 | CANTOR FITZGERALD, L. P.10% owner | Sale | 426,550 | $13.57 | $5.8M | Form 4 |
| Jul 15, 2026 | CANTOR FITZGERALD, L. P.10% owner | Sale | 130,556 | $13.84 | $1.8M | Form 4 |
| Feb 27, 2026 | Blanton AngelaDirector | Sale | 1,906 | $11.73 | $22.4K | Form 4 |
| Feb 26, 2026 | Blanton AngelaDirector | Sale | 39,278 | $11.88 | $466.6K | Form 4 |
| Dec 17, 2025 | Bentley Pamela LChief Financial Officer | Sale | 40,000 | $11.62 | $464.8K | Form 4 |
| Dec 16, 2025 | Bentley Pamela LChief Financial Officer | Sale | 40,000 | $11.61 | $464.4K | Form 4 |
| Oct 6, 2025 | LUTNICK HOWARD W10% owner | Sale | 6,451,535 | Form 4 | ||
| Aug 12, 2025 | SULLIVAN KATHLEEN PATRICIAPrincipal Accounting Officer | Sale | 6,000 | $13.02 | $78.1K | Form 4 |
| Jun 2, 2025 | Blanton AngelaDirector | Sale | 13,902 | $12.65 | $175.9K | Form 4 |
| Sep 9, 2024 | SULLIVAN KATHLEEN PATRICIAPrincipal Accounting Officer | Sale | 5,000 | $10.73 | $53.6K | Form 4 |
| Dec 21, 2023 | Bentley Pamela LChief Financial Officer | Sale | 25,000 | $8.81 | $220.2K | Form 4 |
| Dec 20, 2023 | Bentley Pamela LChief Financial Officer | Sale | 25,000 | $8.76 | $219.0K | Form 4 |
| Dec 19, 2023 | Bentley Pamela LChief Financial Officer | Sale | 25,000 | $8.91 | $222.8K | Form 4 |
| Dec 18, 2023 | Bentley Pamela LChief Financial Officer | Sale | 25,000 | $8.87 | $221.8K | Form 4 |
| Dec 15, 2023 | Bentley Pamela LChief Financial Officer | Sale | 25,000 | $8.93 | $223.2K | Form 4 |
| Sep 15, 2023 | Hurse SandraChief HR Officer | Sale | 16,158 | $7.83 | $126.5K | Form 4 |
All 36 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Michael Jay SacksSCHEDULE 13G/A, 5 filings Feb 14, 2023 to Aug 13, 202641
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Apr 29, 2026 to Jul 31, 202642
- Ameriprise FinancialSCHEDULE 13G/A, 7 filings Feb 14, 2022 to May 15, 202643
- ARIEL INVESTMENTS, LLCSCHEDULE 13G/A, 5 filings Feb 14, 2023 to May 14, 202644
- Sumitomo Mitsui Trust GroupSCHEDULE 13G/A, 2 filings Jul 31, 2025 to Apr 30, 202645
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 26, 202646
- CF Finance Holdings LLCSCHEDULE 13G/A, 2 filings Oct 6, 2025 to Feb 17, 202647
- LMR Partners LLPSCHEDULE 13G/A, 4 filings Feb 14, 2025 to Feb 17, 202648
- WASATCH ADVISORS LPSCHEDULE 13G/A, 3 filings Nov 14, 2024 to Aug 13, 202549
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/SCHEDULE 13G/A, 5 filings Feb 2, 2022 to Aug 4, 202550
- BlackRockSCHEDULE 13G/A, 4 filings Feb 4, 2022 to Jul 17, 202551
- ROYCE & ASSOCIATES LPSCHEDULE 13G/A, 8 filings Jan 21, 2022 to Jul 16, 202552
- Schonfeld Strategic Advisors LLCSC 13G/A, 4 filings Feb 14, 2022 to Feb 14, 202453
- Mizuho Financial GroupSC 13G, 2 filings Feb 14, 2023 to Feb 13, 202454
- ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13G/A, 3 filings Feb 10, 2022 to Feb 7, 202455
- Northern Right Capital Management, L.P.SC 13G/A, 3 filings Nov 12, 2021 to Feb 14, 202356
- INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 1 filing Feb 11, 202257
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Pamela BentleyChief Financial Officer | 54 | $500.0K | $10.3M58 |
| 2025 | Jonathan R. LevinPresident | 44 | $500.0K | $8.3M58 |
| 2025 | Frederick E. PollockManaging Director, Chief Investment Officer | 46 | $500.0K | $6.6M58 |
| 2025 | Michael J. SacksChief Executive Officer and Chairman | 63 | $6.3M58 | |
| 2025 | Sandra BuchananFormer Managing Director, Chief Human Resources Officer | $380.7K | $2.0M58 | |
| 2024 | Jonathan R. LevinPresident | 44 | $500.0K | $5.9M58 |
| 2024 | Michael J. SacksChief Executive Officer and Chairman | 63 | $4.4M | $5.5M58 |
| 2024 | Frederick E. PollockManaging Director, Chief Investment Officer | 46 | $500.0K | $4.4M58 |
| 2024 | Sandra BuchananFormer Managing Director, Chief Human Resources Officer | $500.0K | $2.3M58 | |
| 2024 | Pamela BentleyChief Financial Officer | 54 | $500.0K | $2.2M58 |
| 2023 | Frederick E. PollockManaging Director, Chief Investment Officer | 46 | $500.0K | $50.8M58 |
| 2023 | Jonathan R. LevinPresident | 44 | $500.0K | $34.7M58 |
| 2023 | Michael J. SacksChief Executive Officer and Chairman | 63 | $4.3M | $5.9M58 |
| 2023 | Sandra BuchananFormer Managing Director, Chief Human Resources Officer | $500.0K | $2.3M58 | |
| 2023 | Pamela BentleyChief Financial Officer | 54 | $500.0K | $2.0M58 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Cantor Fitzgerald, L. P. | 6,451,535 | $79.4M | 0.8% | No change |
| Ameriprise Financial Inc | 5,399,124 | $66.4M | 0.0% | +122,296 |
| BlackRock, Inc. | 4,764,605 | $58.6M | 0.0% | +252,291 |
| Ariel Investments, LLC | 4,415,839 | $54.3M | 0.5% | +19,436 |
| Sumitomo Mitsui Trust Group, Inc. | 3,752,965 | $46.2M | 0.0% | No change |
| Vanguard Portfolio Management LLC | 2,641,295 | $32.5M | 0.0% | +14,544 |
| Vanguard Capital Management LLC | 2,590,496 | $31.9M | 0.0% | −65,708 |
| Bamco Inc /ny/ | 2,204,959 | $27.1M | 0.0% | +4,610 |
| Goldman Sachs Group Inc | 2,084,192 | $25.6M | 0.0% | +293,579 |
| Royce & Associates LP | 1,784,126 | $21.9M | 0.2% | +2,699 |
| State Street Corp | 1,597,775 | $19.7M | 0.0% | −46,821 |
| Geode Capital Management, LLC | 1,546,642 | $19.0M | 0.0% | +38,248 |
| Two Sigma Investments, LP | 1,361,146 | $16.7M | 0.0% | −251,896 |
| Massachusetts Financial Services Co /ma/ | 1,286,438 | $15.8M | 0.0% | −224,035 |
| Morgan Stanley | 976,134 | $12.0M | 0.0% | +63,376 |
| Dimensional Fund Advisors LP | 869,874 | $10.7M | 0.0% | +46,354 |
| Northern Trust Corp | 675,039 | $8.3M | 0.0% | +12,026 |
| North Reef Capital Management LP | 630,180 | $7.8M | 0.3% | +1 |
| Qube Research & Technologies Ltd | 576,882 | $7.1M | 0.0% | −349,257 |
| Charles Schwab Investment Management Inc | 503,245 | $6.2M | 0.0% | −10,011 |
| Aqr Capital Management LLC | 454,954 | $5.6M | 0.0% | +63,808 |
| William Blair Investment Management, LLC | 438,148 | $5.4M | 0.0% | New |
| Algert Global LLC | 433,587 | $5.3M | 0.1% | +421,797 |
| Vanguard Fiduciary Trust Co | 422,404 | $5.2M | 0.0% | −2,869 |
| Blair William & Co/il | 343,894 | $4.2M | 0.0% | −10,412 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How GCM Grosvenor Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGCM Grosvenor Inc.1
- CIK0001819796
- Employer ID (EIN)85-22262875
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)6282 Investment Advice1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address900 North Michigan Avenue, Suite 1100, Chicago, IL 606111
- Phone312-506-65001
- Shares outstanding60,810,959 Common Class A shares; 141,665,831 Common Class C shares as of Feb 16, 20265
- Public float$599.1M as of Jun 30, 20255
- AuditorErnst & Young LLP, Chicago, Illinois PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceAug 3, 20201
- Filings522 in all: 4 (247), 8-K (45), SC 13G/A (40), SCHEDULE 13G/A (22), 3 (20), 10-Q (18), 144 (18), SC 13G (18)1
All 32 form types
425 (13), 424B3 (11), CORRESP (9), DEFA14A (7), EFFECT (7), UPLOAD (7), 10-K (6), DEF 14A (6), ARS (4), S-4/A (4), POS AM (3), SCHEDULE 13G (3), 424B5 (2), S-3 (2), 10-K/A (1), 10-Q/A (1), 25-NSE (1), 3/A (1), 8-A12B (1), CERT (1), S-1 (1), S-3/A (1), S-4 (1), S-8 (1)
- Latest filingsAnnual report (10-K) Feb 19, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 24, 2026
Latest 8-K (8-K) Aug 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A common stock, $0.0001 par value per share | GCMG | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks GCM Grosvenor Inc. names in Item 1A of its 10-K filed Feb 19, 2026: 75 risks under these headings, as written.5
- Risks Related to Our Business and Industry
- The historical performance of our funds should not be considered as indicative of the future results of our operations or any returns expected on an investment in our Class A common stock; however, poor performance of our funds, or lack of growth in our assets under management, could have a materially adverse impact on our revenues, and, consequently, the returns on our Class A common stock.
- Investors in our open-ended, specialized funds may generally redeem their investments in these funds on a periodic basis. Investors in most of our closed-ended, specialized funds may terminate the commitment periods of these funds or otherwise cause our removal as general partner of these funds under certain circumstances. Our customized separate account clients may generally terminate our management of these relationships on short notice. Any of these events would lead to a decrease in our revenues, which could be substantial.
- Our business and financial condition may be materially adversely impacted by the variable nature of our revenues, and in particular the performance-based aspect of certain of our revenues and cash flows, which may make it difficult for us to achieve steady earnings growth on a quarterly basis and may lead to large adverse movements or general increased volatility in the price of our Class A common stock.
- The industry in which we operate is intensely competitive. If we are unable to compete successfully, our business and financial condition could be adversely affected.
- A decline in the pace or size of fundraising or investments made by us on behalf of our funds may adversely affect our revenues.
- We could suffer losses if our reputation or the reputation of our industry is harmed.
- We are subject to numerous conflicts of interest that are both inherent to our business and industry and particular to us. Our failure to deal appropriately with conflicts of interest could damage our reputation and have a material adverse effect on our business, financial condition and results of operations.
- Conflicts of interest could arise in our allocation of co-investment opportunities.
- Our entitlement to receive carried interest from many of our funds could create an incentive for us to make more speculative investments and determinations on behalf of a fund than would be the case in the absence of such arrangement.
- Conflicts of interest could arise in our allocation of costs and expenses, and increased regulatory scrutiny and uncertainty with regard to expense allocation may increase the risk of harm.
- Certain policies and procedures implemented to mitigate potential and actual conflicts of interest and address certain regulatory requirements may reduce the synergies that may otherwise exist across our various businesses.
The other 64 risks
- A significant portion of our consolidated financial statements include financial information, including net assets and revenues, that is attributable to noncontrolling interests holders and not attributable to us.
- Our international operations subject us to numerous risks.
- Our indebtedness may expose us to substantial risks, and our cash balances are exposed to the credit risks of the financial institutions at which they are held.
- We may be unable to remain in compliance with financial or other covenants contained in our debt instruments.
- The loss of experienced and senior personnel could have a material adverse effect on our business and financial condition.
- We intend to expand our business and may formulate new business strategies or enter into new geographic markets, which may result in additional risks and uncertainties in our business.
- Restrictions on our ability to collect and analyze data regarding our clients’ investments could adversely affect our business.
- Operational risks, including system failures or disruptions, can disrupt our business, damage our reputation, result in financial losses or limit our growth.
- Failure to maintain the security of our information technology networks, or those of our service providers and other third-parties, or cybersecurity incidents could harm our reputation and have a material adverse effect on our results of operations, financial condition and cash flow.
- Rapidly developing and changing privacy laws and regulations could increase compliance costs and subject us to enforcement risks and reputational damage.
- Extensive government regulation, compliance failures and changes in law or regulation could adversely affect us.
- A 1% U.S. federal excise tax could be imposed on us in connection with redemptions.
- Federal, state and foreign anti-corruption and sanctions laws create the potential for significant liabilities and penalties and reputational harm.
- Misconduct by our employees, advisors or third-party service providers could harm us by impairing our ability to attract and retain clients and subject us to significant legal liability and reputational harm.
- We may face damage to our professional reputation and legal liability if our services are not regarded as satisfactory or for other reasons.
- Technological developments in artificial intelligence could disrupt the markets in which we operate and subject us to increased competition, legal and regulatory risks and compliance costs, which could have a material adverse effect on our business, financial condition and results of operations.
- Our failure or inability to obtain, maintain, protect and enforce our trademarks, service marks and other intellectual property rights could adversely affect our business, including the value of our brands.
- The increasing scrutiny on, and differing points of view regarding, human capital programs and considerations could result in litigation, increase our costs, harm our reputation and adversely impact our financial results.
- Our inability to obtain adequate insurance could subject us to additional risk of loss or additional expenses.
- Risks Related to Our Funds
- Difficult or volatile market, economic and geopolitical conditions can adversely affect our business in many ways, including by reducing the value or performance of the investments made by our funds, reducing the number of high-quality investment managers with whom we may invest, and reducing the ability of our funds to raise or deploy capital, each of which could materially reduce our revenues, earnings and cash flow and materially and adversely affect our business, financial condition and results of operations.
- Inflation may adversely affect the business, results of operations and financial condition of our funds and their investments.
- Increased interest rates have had and could continue to have a material adverse effect on our business and that of our funds’ portfolio companies.
- If the investments we make on behalf of our funds perform poorly, we may suffer a decline in our revenues and earnings, and our ability to raise capital for future funds may be materially adversely affected.
- The success of our business depends on the identification and availability of suitable investment opportunities for our clients.
- Competition for access to investment funds and other investments we make for our clients is intense.
- The due diligence process that we undertake in connection with investments may not detect all facts that may be relevant in connection with an investment.
- Dependence on leverage by certain funds, underlying investment funds and portfolio companies subjects us to volatility and contractions in the debt financing markets and could adversely affect the ability of our funds to achieve attractive rates of return on their investments.
- Inability by certain vehicles we organize to obtain and maintain specified credit ratings and changes by regulators to the risk-based capital treatment of investments in the securities issued by these vehicles may impact our ability to establish and maintain such vehicles in a manner that remains attractive to certain regulated parties.
- Defaults by clients and third-party investors in certain of our funds could adversely affect that fund’s operations and performance.
- Our failure to comply with investment guidelines set by our clients could result in damage awards against us or a reduction in AUM, either of which would adversely affect our business.
- Valuation methodologies for certain assets in our funds can be highly subjective, and the values of assets established pursuant to such methodologies may never be realized, which could result in significant losses for our funds.
- Our investment management activities may involve investments in relatively high-risk, illiquid assets, and we and our clients may lose some or all of the amounts invested in these activities or fail to realize any profits from these activities for a considerable period of time.
- Our funds make investments in companies that are based outside of the U.S., which may expose us to additional risks not typically associated with investing in companies that are based in the U.S.
- Our funds may face risks relating to undiversified investments.
- Our funds make investments in underlying funds and companies that we do not control.
- Investments by our funds may in many cases rank junior to investments made by other investors.
- Our risk management strategies and procedures may leave us exposed to unidentified or unanticipated risks.
- We are subject to increasing and diverging scrutiny from clients, investors, regulators elected officials, stockholders and other stakeholders or third parties with respect to Sustainable and Impact investing matters, which may constrain investment opportunities, adversely impact our ability to raise capital, and result in increased costs or otherwise adversely affect us.
- Climate change, climate change-related regulation and sustainability concerns could adversely affect our business and the operations of portfolio companies in which our funds invest, and any actions we take or fail to take in response to such matters could damage our reputation.
- The short-term and long-term impact of the Basel III capital standards on our clients is uncertain.
- Hedge fund investments are subject to numerous additional risks.
- Our fund investments in infrastructure assets may expose our funds to increased risks that are inherent in the ownership of real assets.
- Our historical financial results included elsewhere in this Annual Report on Form 10-K may not be indicative of what our actual financial position or results of operations would have been if we had been a public company.
- Risks Related to Our Organizational Structure
- We are currently a “controlled company” within the meaning of the Nasdaq listing standards and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements. You will not have the same protections afforded to stockholders of companies that are subject to such requirements for as long as we qualify for such exemptions.
- The multi-class structure of our common stock has the effect of concentrating voting power with our Chief Executive Officer, which will limit an investor’s ability to influence the outcome of important transactions, including a change of control.
- We cannot predict the impact our multi-class structure may have on the stock price of our Class A common stock.
- We are required to pay over to the GCMH Equityholders most of the tax benefits we receive from tax basis step-ups attributable to our acquisition of Grosvenor common units from GCMH Equityholders and certain other tax attributes, and the amount of those payments could be substantial.
- Our only material asset is our interest in GCMH, and we are accordingly dependent upon distributions from GCMH to pay dividends, taxes and other expenses.
- In certain circumstances, GCMH will be required to make distributions to us and the GCMH Equityholders, and the distributions that GCMH will be required to make may be substantial and may be made in a manner that is not pro rata among the holders of Grosvenor common units.
- We may bear certain tax liabilities that are attributable to audit adjustments for taxable periods (or portions thereof) ending prior to the Business Combination, or that are disproportionate to our ownership interest in GCMH in the taxable period for which the relevant adjustment is imposed.
- If we were deemed an “investment company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”), applicable restrictions could make it impractical for us to continue our business as contemplated and could have a material adverse effect on our business.
- A change of control of our Company could result in an assignment of our investment advisory agreements.
- Because many members of our senior management team hold most or all of their economic interest in GCMH through other entities, conflicts of interest could arise between them and holders of shares of our Class A common stock or us.
- Provisions in our organizational documents and certain rules imposed by regulatory authorities may delay or prevent our acquisition by a third-party.
- In the event of a merger, consolidation or tender or exchange offer, holders of our Class A common stock will not be entitled to receive excess economic consideration for their shares over that payable to the holders of our Class B common stock.
- The provisions of our Charter requiring exclusive forum in the Court of Chancery of the State of Delaware and the federal district courts of the U.S. for certain types of lawsuits may have the effect of discouraging lawsuits against its directors and officers.
- If we were to convert into a public benefit corporation, our status as such may not result in the benefits that we anticipate.
- We currently pay dividends to our stockholders, but our ability to do so is subject to the discretion of our board of directors and may be limited by our holding company structure and applicable provisions of Delaware law.
- We may change our dividend policy at any time.
- Risks Related to Being a Public Company
- Failure to establish and maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and stock price.
- A significant portion of our total outstanding shares of our Class A common stock (or shares of our Class A common stock that may be issued in the future pursuant to the exchange or redemption of Grosvenor common units) may be sold into the market in the near future. We could also issue and sell additional shares of Class A common stock in the future. These events could cause the market price of our Class A common stock to drop significantly, even if our business is doing well.
- Purchases of shares of our Class A common stock pursuant to our stock repurchase plan may affect the value of our Class A common stock, and there can be no assurance that our stock repurchase plan will enhance stockholder value.
- The obligations associated with being a public company involve significant expenses and require significant resources and management attention, which may divert from our business operations.
- General Risk Factors
- The market price and trading volume of our securities has been, and may continue to be volatile.
Legal proceedings
From time to time, we may be a defendant in various lawsuits related to our business. We do not believe that the outcome of any current litigation will have a material effect on our consolidated statements of financial condition or statements of income.
In the normal course of business, we may enter into contracts that contain a number of representations and warranties, which may provide for general or specific indemnifications. The Company’s exposure under these contracts is not currently known, as any such exposure would be based on future claims, which could be made against us. We are not currently aware of any such pending claims and based on our experience, we believe the risk of loss related to these arrangements to be remote.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARJonathan Reisin Levin, President
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- 20SEC EDGARSandra Hurse, Chief HR Officer
- 21SEC EDGARDavid Helfand, Board member
- 22SEC EDGARAngela Blanton, Board member
- 23SEC EDGARBlythe Masters, Board member
- 24SEC EDGARFrancesca Cornelli, Board member
- 25SEC EDGARStephen Malkin, Board member
- 26SEC EDGARResults of operations
- 27SEC EDGARShareholder vote
- 28SEC EDGARResults of operations
- 29SEC EDGARResults of operations
- 30SEC EDGAROther events
- 31SEC EDGARResults of operations
- 32SEC EDGARRegulation FD disclosure
- 33SEC EDGARResults of operations
- 34SEC EDGARExecutive or director change
- 35SEC EDGARShareholder vote
- 36SEC EDGARResults of operations
- 37SEC EDGAREntered a material agreement
- 38NasdaqNasdaq calendar
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