GCM Grosvenor Inc. (GCMG) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.699 Good day and welcome to the GCM Grosvenor fourth quarter and full year 2025 00:00:05.699 -- 00:00:10.866 results webcast. Later, we will conduct a question and answer session. 00:00:10.866 -- 00:00:15.392 If you are interested in asking a question, please ensure you dial in using the numbers 00:00:15.392 -- 00:00:20.640 you have been provided for this call and press star one on your keypad to join the queue. 00:00:20.640 -- 00:00:26.588 If anyone should require operator assistance, please press star then zero on your telephone. 00:00:26.588 -- 00:00:29.107 As a reminder, this call will be recorded. 00:00:29.107 -- 00:00:34.334 I would now like to hand the call over to Stacey Selinger, Head of Investor Relations. 00:00:34.334 -- 00:00:34.975 You may begin. 00:00:34.975 -- 00:00:36.975 Thank 00:00:37.559 -- 00:00:42.867 you. Good morning and welcome to GCM Grosvenor's fourth quarter and full year 2025 00:00:42.867 -- 00:00:48.054 earnings call. Today I am joined by GCM Grosvenor's Chairman and Chief Executive 00:00:48.054 -- 00:00:54.363 Officer Michael Sachs, President John Levin, and Chief Financial Officer Pam Bentley. 00:00:54.363 -- 00:00:58.548 Before we discuss our results, A reminder that all statements made on this call that 00:00:58.548 -- 00:01:04.336 do not relate to matters of historical fact should be considered forward-looking statements. 00:01:04.336 -- 00:01:08.783 This includes statements regarding our current expectations for the business, our financial 00:01:08.783 -- 00:01:11.447 performance, and projections. 00:01:11.447 -- 00:01:14.571 These statements are neither promises nor guarantees. 00:01:14.571 -- 00:01:19.518 They involve known and unknown risks, uncertainties, and other important factors that 00:01:19....