GCM Grosvenor climbs after Q4 profit beats expectation

GCM Grosvenor

10/02/2025 16:13

** Shares of alternative asset manager GCM Grosvenor
 GCMG.O  jump as much as 6.5%; last up 3.2% at $13.99
    ** GCMG posts Q4 adjusted profit of 27 cents/shr, beating
analysts' average estimate of 23 cents/shr, according to data
compiled by LSEG
    ** Q4 fee-related earnings jump 22% to $49.2 million, while
assets under management climbs 4% to $80.1 billion from a year
earlier
    ** GCMG raised $2.3 billion of new capital in Q4, its
highest fundraising quarter in more than two years
    ** Shares jumped 37% in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))