Grosvenor Capital Management, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:02 pm EST
Share
Grosvenor Capital Management, L.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 121.71 million compared to USD 137.21 million a year ago. Net income was USD 5.9 million compared to USD 3.1 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.02 a year ago.
For the nine months, revenue was USD 328.44 million compared to USD 346.7 million a year ago. Net income was USD 9.52 million compared to USD 15.43 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.35 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to diluted earnings per share from continuing operations of USD 0.23 a year ago.
GCM Grosvenor Inc. is an alternative asset management solutions provider. It invests on a primary basis and through direct-oriented strategies, which it defines as secondaries, co-investments, direct investments and seed investments. It operates customized separate accounts and commingled funds. It collaborates with its clients to invest on their behalf across the private and public markets, either through portfolios customized to meet a client's specific objectives or through specialized commingled funds that are developed to meet market demands for strategies and risk-return objectives. It operates through private markets and absolute return strategies. Private markets and absolute return strategies are primarily defined by the liquidity of the underlying securities purchased, the length of the client commitment, and the form and timing of incentive fees. Its investment strategies include Infrastructure, Real Estate, Alternative Credit, Sustainable and Impact Investing, and others.
GCM GROSVENOR INC. 
