Strong Financial Performance
Fee-related earnings, adjusted EBITDA, and adjusted net income increased by 18%, 16%, and 18%, respectively, compared to Q3 2024. The fee-related earnings margin for the quarter was 45%, approximately 350 basis points higher year-over-year.
Record Assets Under Management
Assets Under Management reached a record $87 billion, a 9% increase from the end of Q3 2024.
Impressive Fundraising Achievements
Year-to-date fundraising reached $7.2 billion, surpassing the total fundraising for the full year of 2024. Over the last 12 months, $9.5 billion was raised, marking the highest trailing 12-month fundraising period on record for Grosvenor.
Growth in Absolute Return Strategies
The multi-strategy composite delivered a 14.2% gross rate of return over the last 12 months. Absolute Return Strategies generated $1.5 billion in fundraising over the last 12 months.
Increased Dividend
Announced an increase in the quarterly dividend to $0.12 per share, reflecting confidence in growth trajectory and strong free cash flow generation.