GCM Grosvenor reported FY 2025 results with management fees of USD 425.79 million (+6%) and incentive fees of USD 123.50 million, alongside other operating income of USD 8.27 million. Net income was USD 142.04 million, with net income attributable to shareholders of USD 45.37 million. For FY 2025, GCM Grosvenor posted operating income of USD 133.45 million and Adjusted EBITDA of USD 245.63 million. Fee-Related Revenue was USD 416.26 million and Fee-Related Earnings were USD 185.12 million, with a Fee-Related Earnings Margin of 44%. Assets under management were USD 90.93 billion as of Dec. 31, 2025, while fee-paying AUM was USD 72.50 billion. Contracted, not yet fee-paying AUM was USD 10.41 billion as of Dec. 31, 2025, including approximately USD 2.10 billion subject to an agreed fee ramp-in schedule. Business and corporate updates included the establishment of an at-the-market equity program for up to USD 100.00 million in Class A shares (no shares issued under the program during FY 2025), and a USD 30.70 million repurchase of Class A common stock during FY 2025, with USD 55.70 million remaining under the stock repurchase plan as of Dec. 31, 2025. The company also said no public or private warrants were outstanding as of Dec. 31, 2025, following a USD 21.74 million change in fair value of warrant liabilities in FY 2025 attributed to a decrease in warrant value.

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