November 19, 2020
GCM Grosvenor Reports Strong Third Quarter Fiscal 2020 and Increases Dividend Recommendation from $0.20 to $0.24 per annum
GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported its results for the third fiscal quarter ended September 30, 2020.
November 17, 2020
GCM Grosvenor and CF Finance Acquisition Corp. (“CFAC”) (NASDAQ: CFFA) announced today that they have completed their business combination. The Class A common stock of the combined company, which will operate as GCM Grosvenor Inc., is scheduled to begin trading on The Nasdaq Capital Market under the ticker “GCMG” beginning on November 18, 2020.
November 6, 2020
CF Finance Acquisition Corp. and GCM Grosvenor Announce Receipt of All Approvals Required for Business Combination
CF Finance Acquisition Corp. (NASDAQ: CFFA) and GCM Grosvenor, a global alternative asset management firm, announced today that they have received all required approvals for their previously announced business combination.
October 22, 2020
GCM Grosvenor Raises its 2020 Adjusted EBITDA and Adjusted Net Income Guidance; Announces Special Meeting of CFAC Stockholders and Board of Directors
Global Alternative Asset Management Firm Sets Special Meeting of CFAC Stockholders to Vote on Pending Business Combination for November 3, 2020.
September 18, 2020
GCM Grosvenor Reports Strong Second Quarter Fiscal 2020 Results, Continued Positive Trends in July and August. Management expects to outperform prior full year 2020 forecast.
GCM Grosvenor today reported its results for the second fiscal quarter ended June 30, 2020, including GAAP Net Income of $5.9 million, Adjusted Pre-Tax Income of $19.8 million, Adjusted EBITDA of $26.2 million and Adjusted Fee-Related Earnings of $25.1 million, all of which increased over prior quarter ended March 31, 2020.
September 14, 2020
GCM Grosvenor, a global alternative asset manager, announced today that it completed the final close for its Labor Impact Fund on September 7, 2020, Labor Day in the United States, with $893 million in committed capital, at the high end of its targeted range.
August 27, 2020
GCM Grosvenor, a global alternative asset management firm, announced today that Pamela Bentley will join the firm. She will become Chief Financial Officer of GCM Grosvenor on January 1, 2021.
August 3, 2020
GCM Grosvenor, a global alternative asset management firm, will become a public company through a merger with CF Finance Acquisition Corp. (“CFAC”) (NASDAQ: CFFA), a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm.
June 3, 2020
GCM Grosvenor Closes on its $85 Million Strategic Capital Partnership with Bakersfield Renewable Fuels
GCM Grosvenor, a global alternative asset management firm, announced today that it has closed on providing $85 million in debt financing to Bakersfield Renewable Fuels (“BKRF”) for the retooling of the former Alon oil refinery in Bakersfield, California.
June 2, 2020
GCM Grosvenor, a global alternative asset management firm, announced today that Amy Wierenga has joined the firm as Chief Risk Officer.