Net Income (Loss) and Adjusted Net Income

Absolute Return Strategies Management Fees decreased 13% from prior year QTD to $37.1 million.

Private Markets Management Fees increased 11% from prior year QTD to $51.8 million.

Fee-Related Revenue of $90.0 million was generally in line with prior year QTD.

Revenue decreased 6% from the three months ended March 31, 2022 ('prior year QTD') to $99.1 million for the three months ended March 31, 2023, primarily due to decreased incentive fees.

Assets Under Management ('AUM') increased 5% from the prior year to $75.3 billion as of March 31, 2023.

Contracted Not Yet FPAUM decreased 2% from the prior year to $6.4 billion as of March 31, 2023.

Absolute Return Strategies FPAUM decreased 9% from the prior year as of March 31, 2023.Private Markets FPAUM increased 12% from the prior year as of March 31, 2023.Fee-Paying Assets Under Management (“FPAUM”) increased 3% from March 31, 2022 (the “prior year”) to $59.8 billion as of March 31, 2023.“It’s a pretty good picture in a tough environment.” 'We feel fortunate that we enjoy great client relationships, are adding value to client portfolios, and are growing, generating cash, paying a healthy safe dividend, and buying back shares,' said Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor.

In 2020, GCM Grosvenor was named among the Best Places to Work in Money Management by Pensions & Investments.CHICAGO, (GLOBE NEWSWIRE) - GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the first quarter ended March 31, 2023. The firm is headquartered in Chicago, with offices in New York, London, Frankfurt, Tokyo, Toronto, Hong Kong, and Seoul. GCM Grosvenor’s experienced team of over 500 professionals from diverse backgrounds serves a global client base of institutional and high net worth investors. The firm has specialized in alternatives since 1971, and is dedicated to unlocking value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor (NASDAQ: GCMG) is a global alternatives investment firm with approximately $76 billion in assets under management in private equity, infrastructure, real estate, credit, absolute return strategies, and multi-asset class opportunistic investments.

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