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GCM Grosvenor ( (GCMG) ) just unveiled an announcement.
On February 6, 2025, GCM Grosvenor’s Board of Directors appointed David A. Helfand to its Board, effective February 20, 2025, filling the vacancy left by Blythe Masters. Helfand, with extensive experience in real estate investment, will serve as chairperson of the audit committee and participate in the non-employee director compensation program. In its financial report for 2024, GCM Grosvenor highlighted a significant fundraising increase of 41% and growth in various earnings metrics, reflecting strong operational performance. The Board approved a dividend of $0.11 per share and increased its share repurchase authorization by $50 million. These financial moves underscore the firm’s positive outlook and commitment to returning value to shareholders.
More about GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $80 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm specializes in alternatives and aims to deliver value through cross-asset class and flexible investment platforms. Headquartered in Chicago, it serves a global client base with offices in major cities including New York, London, and Tokyo.
YTD Price Performance: 8.57%
Average Trading Volume: 337,166
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.56B
See more insights into GCMG stock on TipRanks’ Stock Analysis page.
