GCM Grosvenor (GCMG) Q2 FY26 earnings call

GCM Grosvenor delivered a strong second quarter, marked by robust fundraising across diverse channels and solid investment performance, particularly in Absolute Return Strategies and private markets. The firm continues to expand its credit platform and individual investor/insurance channels, while managing expenses to drive margin expansion. Management remains confident in achieving long-term profitability targets, supported by a full fundraising pipeline and significant embedded incentive earnings.