GCM Grosvenor Inc. (GCMG) Earnings Call Transcripts
GCM Grosvenor Inc.'s Latest Earnings Call - June 9, 2026
In the Q2 2026 earnings call, GCM Grosvenor Inc. (GCMG:US) highlighted a strong fundraising momentum, expecting Q2 to exceed Q1 and the second half to surpass the first half. The firm reported robust performance in its customized separate accounts, which constitute 70% of its AUM, with a 90% re-up rate. Management maintained its guidance for 2026, projecting high single-digit growth in absolute return strategies, driven by favorable market conditions and a strong pipeline.
Reported metrics
| Metric | Value |
|---|---|
| Assets Under Management (AUM) | $90B (inline) |
| Re-up Rate | 90% (positive) |
| Growth Rate for Absolute Return Strategies | High single digits (positive) |
| Unrealized Carried Interest | $1B (positive) |
| Fundraising Contribution from Existing Clients | 50% (positive) |
| Fundraising Contribution from Cross-Selling | 25% (positive) |
Guidance from management
Management maintained its guidance for 2026, projecting high single-digit growth in absolute return strategies and a positive outlook for fundraising activities throughout the year.
What management said
Yes. So maybe I'll answer that in 2 parts. Start with the macro picture and then focus on kind of GCM specifically in the numbers that we've put out or at least the guidance that we've put out around capital formation. From a macro standpoint, the market is extremely active. I think that when you travel around the world, as I'm fortunate to do and meet with all different types of clients and all different types of ...
No. You might find someone that's saying, "Oh, I'm going a little bit slower here right now or I'm leaning in here or whatever it might be, and we can talk about some of those different trends. But in general, over the last 5, 6 months or the first half of this year, I've been in more countries and cities than I can count in hundreds of meetings, and I'm yet to find a meeting that's not where someone saying, you know...
What analysts pressed on
Analysts expressed concerns regarding the realization environment and its impact on future earnings. There was also discussion about the potential risks associated with the private credit market and the need for continued diversification in client portfolios.
Main topics on the call
- Strong Fundraising Momentum — Management indicated that the second quarter fundraise should exceed the first quarter, with the second half expected to be larger than the first half. Jonathan Levin stated, "we feel really good about the capital format...
- Customized Separate Accounts — Customized separate accounts represent about 70% of AUM and have been a significant driver of growth. Levin noted, "the ability to create these very long duration, very sticky relationships" has resulted in high re-up ra...
- Outlook for Absolute Return Strategies — The absolute return strategies business is expected to grow at high single digits, supported by favorable market conditions and improved performance. Levin mentioned, "the pipeline is very good" and highlighted strong ne...
- Diversification of Unrealized Carried Interest — GCM Grosvenor's unrealized carried interest balance has grown to over $1 billion, providing significant earnings potential. Levin emphasized the diversification of their carry assets, stating it is "about as diversified ...
Read the full GCM Grosvenor Inc. transcript (June 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About GCM Grosvenor Inc.
GCM Grosvenor Inc. (GCMG) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NasdaqGM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 37 calls on record spanning May 13, 2021 to August 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 37 GCM Grosvenor Inc. earnings call transcripts on record, spanning May 13, 2021 to August 10, 2026. Based on this history, GCM Grosvenor Inc. reports quarterly. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- GCMG
- Exchange
- NasdaqGM
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 37
- First call
- May 13, 2021
- Most recent
- August 10, 2026
- Reporting cadence
- quarterly