GCM Grosvenor Fee-Paying AUM Reaches $78.1 Billion

The Tip Desk · August 10, 2026 · 2 min read

Fee-Related Earnings rose 21% to $50.3 million as the firm raised $2.3 billion of new capital in the second quarter.

GCM Grosvenor (GCMG), a global alternative asset management solutions provider, reported Fee-Paying AUM of $78.1 billion as of June 30, 2026, up 13% from $69.1 billion a year earlier, as total assets under management reached $96.7 billion.

Chairman and Chief Executive Officer Michael Sacks said the firm had a strong second quarter with good investment performance and growth across all strategies and channels, and that it entered the second half of 2026 with momentum.

Absolute Return Strategies was the key growth driver on a fee-paying basis. That franchise’s Fee-Paying AUM rose to $28.8 billion from $23.6 billion a year earlier, a 22% increase. Private Markets Fee-Paying AUM increased to $49.3 billion from $45.5 billion, up 8%. Contracted not-yet-fee-paying AUM rose to $9.7 billion from $8.7 billion, up 11%.

The firm raised $2.3 billion of new capital in the second quarter, bringing last-twelve-month fundraising to $9.3 billion. Strategy-level AUM at quarter-end included Private Equity of $33.0 billion, Absolute Return of $30.5 billion, Credit of $17.9 billion, Infrastructure of $19.6 billion and Real Estate of $7.2 billion.

For the three months ended June 30, 2026, GAAP revenue was $134.3 million, up 12% versus the year-earlier quarter. Fee-Related Revenue was $110.8 million, up 11%. Private Markets Management Fees were $66.4 million, up 10%, and Absolute Return Strategies Management Fees were $42.5 million, up 11%.

Fee-Related Earnings were $50.3 million, up 21% versus the year-earlier quarter, with the Fee-Related Earnings margin expanding to 45% from 42%. Adjusted EBITDA was $57.2 million, up 16%, and the Adjusted EBITDA margin expanded to 45% from 43%. Adjusted Net Income was $39.2 million, up 22%, or $0.19 a share.

GAAP net income attributable to GCM Grosvenor Inc. was $9.6 million, down 38% versus the year-earlier quarter. Diluted earnings were $0.12 a share.

Cash and cash equivalents were $140 million as of June 30, 2026. Investments were $255 million. Unrealized carried interest was $493 million. Debt was $364 million, with $50 million available on the revolving credit facility.

The firm repurchased 1.6 million shares of Class A common stock for $17.1 million during the quarter. Of the $255 million share-repurchase authorization, $55 million remained available as of June 30, 2026.

The Board of Directors approved a $0.12-a-share dividend payable on September 15, 2026, to shareholders of record September 1, 2026.

The firm had approximately 550 professionals and offices in Chicago, New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney.