GCM Grosvenor
Manages customized portfolios across private markets, credit, and hedge fund strategies.
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Profile
Manages customized accounts and specialized funds across private equity, infrastructure, real estate, credit, and hedge fund strategies for institutions and a growing individual-investor channel. Most revenue comes from management fees on client assets and commitments, while performance fees and carried interest add income tied to investment outcomes and realizations.
Builds customized alternative-investment portfolios and specialized funds for institutional clients, with a growing individual-investor channel. The platform spans private equity, infrastructure, real estate, alternative credit, and absolute-return strategies, including hedge fund portfolios. It invests through primary funds, secondaries, co-investments, seed capital, and direct investments.
Operates globally from Chicago and offices across North America, Europe, and Asia-Pacific. Its manager network, investment data, and sourcing platform support manager selection, co-investments, and secondaries; long-tenured customized accounts let clients combine strategies under one relationship.
Revenue comes chiefly from management fees tied to committed, invested, or net assets, with performance fees and carried interest adding more variable income. Results depend on retaining client capital, investment performance, and the timing of private-market realizations. Registered investment-adviser and fund rules constrain product structures, distribution, reporting, conflicts, and fees across jurisdictions.
Company facts
Categories
Key statistics
Year to date +21.5% · Average volume (30d) 489.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Piper Sandler | Reiterate | Overweight | $14 | $16 | |
| May 11, 2026 | Oppenheimer | Reiterate | Outperform | $24 | $18 | |
| Feb 11, 2026 | Oppenheimer | Target | $23 | $24 | ||
| Jan 20, 2026 | Oppenheimer | Target | $23 | |||
| Oct 9, 2025 | Piper Sandler | Reiterate | Overweight | $15 | $14 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $0.18 | $0.19 | +3.5% | $131.2M | $134.3M | +2.4% | +1.77% |
| May 7, 2026Q1 FY26 | $0.18 | $0.18 | −1.1% | $130.1M | $124.8M | −4.1% | +1.79% |
| Feb 10, 2026Q4 FY25 | $0.24 | $0.31 | +29.2% | $160.1M | $177.1M | +10.6% | +1.42% |
| Nov 5, 2025Q3 FY25 | $0.17 | $0.19 | +11.8% | $160.2M | $138.7M | −13.4% | +0.52% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $123.9M | $117.7M | $133.0M | $175.4M | $123.4M | $133.0M | |
| Gross profit | $122.9M | $116.6M | $131.9M | $174.3M | $122.5M | $131.9M | |
| Operating income | $4.6M | $36.7M | $44.1M | $62.3M | $19.1M | $34.1M | |
| Net income | $463.0K | $15.4M | $10.5M | $19.0M | $5.5M | $9.6M | |
| Diluted EPS | −$0.02 | $0.05 | $0.16 | $0.18 | $0.06 | $0.12 | |
| Gross margin | 99.2% | 99.0% | 99.1% | 99.4% | 99.3% | 99.2% | |
| Operating margin | 3.7% | 31.2% | 33.1% | 35.5% | 15.5% | 25.7% |
Fiscal years (4-quarter sums)FY21 $577.6M · FY22 $452.5M · FY23 $449.1M · FY24 $503.5M · FY25 $550.1M
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $139.6M · Total debt $412.9M · Total assets $677.0M · Shareholders' equity $25.3M
Dividends
Raised for 4 straight years — most recently to $0.12 from $0.11 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 15 | $0.12 | |
| Mar 2, 2026 | Mar 2 | Mar 16 | $0.12 | |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.12 | raised from $0.11 |
| Sep 2, 2025 | Sep 2 | Sep 16 | $0.11 | |
| Jun 6, 2025 | Jun 6 | Jun 16 | $0.11 | |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.11 | |
| Dec 2, 2024 | Dec 2 | Dec 16 | $0.11 | |
| Sep 3, 2024 | Sep 3 | Sep 17 | $0.11 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 186.88M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Michael Jay Sacks | 141.67M | 70.00% | 13G | Feb 13, 2026 |
| Michael Jay Sacks · director, 10 percent owner, officer: Chief Executive Officer | 141.67M | 75.81% | Form 4 | Nov 18, 2025 |
| Cantor Fitzgerald, L. P. | 6.45M | 3.45% | 13F | Aug 19, 2026 |
| Lutnick Brandon · 10 percent owner | 6.45M | 3.45% | Form 4 | Oct 6, 2025 |
| Ameriprise Financial Inc | 5.40M | 2.89% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 27, 2026 | Angela Blanton | director | −1,906 | $11.73 |
| Feb 26, 2026 | Angela Blanton | director | −39,278 | $11.88 |
| Dec 17, 2025 | Pamela L. Bentley | officer: Chief Financial Officer | −40,000 | $11.62 |
| Dec 16, 2025 | Pamela L. Bentley | officer: Chief Financial Officer | −40,000 | $11.61 |
| Oct 6, 2025 | Howard W. Lutnick | 10 percent owner | −8,251,535 | $11.50 |
Peers
- Hamilton Lane
Largest direct private markets peer at $142B AUM, same FoF/SMA/secondary model
- StepStone Group
Larger direct peer at $233B AUM, same FoF/SMA/secondaries/co-invest platform
- Blue Owl Capital
$315B-AUM direct lender and real-assets manager chasing same institutional LPs
- Ridgepost Capital
Middle-market multi-strategy private markets FoF in PE, credit, and venture
- Patria Investments
LatAm alts manager at $59B AUM — overlaps in global private markets SMAs
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| GCM Grosvenor | $13.72 | −0.04% | $2.56B | 26.4 | 13.5 | 4.5 | +12.2% |
| Hamilton Lane | $102.81 | −3.02% | $5.89B | 16.2 | 15.4 | 6.9 | +56.5% |
| StepStone Group | $50.32 | −0.08% | $6.50B | — | 19.1 | 3.2 | −17.5% |
| Blue Owl Capital | $12.04 | +0.12% | $18.79B | 101.2 | 13.0 | 6.3 | +7.1% |
| Ridgepost Capital | $8.66 | 0.00% | $677.4M | 35.7 | 7.9 | 2.2 | — |
| Patria Investments | $11.33 | −0.13% | $1.83B | 25.2 | 7.5 | 4.2 | −0.0% |
| Median | 30.5 | 13.0 | 4.2 | +3.5% |