GCM Grosvenor Inc. (GCMG) Stock

GCM Grosvenor Inc. (GCMG) is a Financials stock trading at $13.45 (as of 2026-08-20), with a market capitalization of $2.75B and a trailing P/E of 54.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

GCM Grosvenor Inc. provides alternative asset management solutions, investing in equity and alternative markets across the U.S. and internationally through multi-strategy, credit-focused, equity-focused, macro, commodities, and specialty portfolios. Its offerings serve pooled investment vehicles and other institutional and individual investors, with strategies that include primary and secondary fund investments and co-investments.

Understand GCM Grosvenor Inc.: how it makes money

GCM Grosvenor provides global alternative asset management solutions, earning fee-related revenue by managing pooled investment vehicles and other investor accounts across multiple hedge fund and specialty strategy categories.

The profit engine is fee-related revenue tied to the size of the firm's fee-paying assets under management across its alternative strategy platforms.

Revenue by segment (latest quarter)
FeeRev	$0.1B

Business quality (Solid): Clear link between the business model and operating drivers (AUM and fee-paying AUM), but near-term results can be sensitive to how much of the firm's assets remain fee-paying and how fundraising or deferred fee-paying assets convert into recurring fee revenue.

Valuation: At 24× earnings, GCMG trades 28% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Scale across alternative strategies: The firm reports broad assets under management across multi-strategy, credit-focused, equity-focused, macro-focused, commodity-focused, and other specialty portfolios.
Large fee-paying base: Fee-paying assets under management are substantial relative to total assets under management, supporting the fee-related revenue model.
Pipeline that may support future fees: The company reports dry powder and contracted not-yet-fee-paying assets under management, which can provide future opportunity for converting capital into fee-paying activity.

Bear case

Dependence on fee-paying assets: Because fee-related revenue is the key revenue type, any shift in the amount of assets that are fee-paying can pressure revenue.
Conversion timing risk: Assets such as dry powder and contracted not-yet-fee-paying assets under management may take time to become fee-paying, which can affect timing of earnings.
Market sensitivity: As an alternative asset manager, reported assets under management can fluctuate with market conditions, which can impact fee-related revenue.

Valuation — source: SEC EDGAR (first-party)
Price	$13.45
Market Cap	$2.75B
P/E Ratio	54.7
EV / EBITDA	20.7
Price / Book	22.52
Price / Sales	4.95
FCF Yield	6.9%
DCF Value (model)	$24.75
DCF Upside vs Price	84.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$557.57M
Net Margin	8.1%
Revenue Growth (YoY)	-0.8%
EPS Growth (YoY)	800.0%
FCF Growth (YoY)	49.2%

Valuation vs Sector & Industry
Stock P/E	54.7
Sector P/E (Financials)	15.1
Industry P/E (Trading)	34.6
vs Sector	261.2%
vs Industry	58.0%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	CANTOR FITZGERALD, L. P. ($63.23M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Trading
CEO	Michael Jay Sacks
Employees	549
Country	US
IPO Date	2019-02-06

Related Companies (Business model: Asset Manager (Traditional + Alternatives); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.