was $(1.2) million for the three months ended March 31, 2023, compared to $4.7 million in prior year QTD GAAP Net Income (Loss) Attributable to GCM Grosvenor Inc.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. SWFI is a minority-owned organization.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. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. All material subject to strictly enforced copyright laws. No affiliation or endorsement, express or implied, is provided by their use. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. © 2008-2023 Sovereign Wealth Fund Institute.

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