![]() Fee-Related Revenue of $90.0 million was generally in line with prior year QTD.Revenue decreased 6% from the three months ended March 31, 2022 ("prior year QTD") to $99.1 million for the three months ended March 31, 2023, primarily due to decreased incentive fees.Assets Under Management ("AUM") increased 5% from the prior year to $75.3 billion as of March 31, 2023.Contracted Not Yet FPAUM decreased 2% from the prior year to $6.4 billion as of March 31, 2023.Absolute Return Strategies FPAUM decreased 9% from the prior year as of March 31, 2023. ![]() Private Markets FPAUM increased 12% from the prior year as of March 31, 2023.Fee-Paying Assets Under Management (“FPAUM”) increased 3% from March 31, 2022 (the “prior year”) to $59.8 billion as of March 31, 2023.“It’s a pretty good picture in a tough environment.” "We feel fortunate that we enjoy great client relationships, are adding value to client portfolios, and are growing, generating cash, paying a healthy safe dividend, and buying back shares," said Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor. CHICAGO, (GLOBE NEWSWIRE) - GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the first quarter ended March 31, 2023.
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