GCM Grosvenor Inc. (GCMG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the GCM Grosvenor fourth quarter and full year 2025 results webcast. Later, we will conduct a question and answer session. If you are interested in asking a question, please ensure you dial in using the numbers you have been provided for this call and press star one on your keypad to join the queue. If anyone should require operator assistance, please press star then zero on your telephone. As a reminder, this call will be recorded. I would now like to hand the call over to Stacey Selinger, Head of Investor Relations. You may begin. Thank you. Good morning and welcome to GCM Grosvenor's fourth quarter and full year 2025 earnings call. Today I am joined by GCM Grosvenor's Chairman and Chief Executive Officer Michael Sachs, President John Levin, and Chief Financial Officer Pam Bentley. Before we discuss our results, A reminder that all statements made on this call that do not relate to matters of historical fact should be considered forward-looking statements. This includes statements regarding our current expectations for the business, our financial performance, and projections. These statements are neither promises nor guarantees. They involve known and unknown risks, uncertainties, and other important factors that may cause our actual results to differ materially from those indicated by the forward-looking statements on this call. Please refer to the factors in the risk factor section of our 10-K, our other filings with the Securities and Exchange Commission, and our earnings release, all of which can be found on the public shareholder section of our website. We'll also refer to non-GAP measures that we view as important in assessing the performance of our business. A reconciliation of non-GAP measures to the nearest GAP metric can be found i...