SEC Form SC 13G/A filed by GCM Grosvenor Inc. (Amendment)

2/14/24 9:31:40 AM ET

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SC 13G/A 1 1_GCMG.txt SC13GA GCMG DEC2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* GCM Grosvenor, Inc. Class A (Name of Issuer) Common Stock (Title of Class of Securities) 36831E108 (CUSIP Number) 12/31/2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that Section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 36831E108 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). ARIEL INVESTMENTS, LLC # 02-0712418. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)[_] (b)[_] Not Applicable 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Limited Liability Company Number of Shares Beneficially Owned By Each Reporting Person With 5. Sole Voting Power Ariel: 3,663,670 6. Shared Voting Power Ariel: 0 7. Sole Dispositive Power Ariel: 4,442,113 8. Shared Dispositive Power Ariel: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person Ariel: 4,442,113 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] Not Applicable 11. Percent of Class Represented by Amount in Row (9) Ariel: 4,442,113/42,989,000= 10.3% 12. Type of Reporting Person (See Instructions) Ariel - IA Item 1. (a) Name of Issuer (b) Address of Issuer's Principal Executive Offices Item 2. (a) Name of Person Filing Ariel Investments, LLC (b) Address of Principal Business Office, or if none, Residence 200 E. Randolph Street, Suite 2900, Chicago, IL 60601 (c) Citizenship a Delaware Limited Liability Company (d) Title of Class of Securities Common Stock (e) CUSIP Number 36831E108 Item 3. If this statement is filed pursuant to sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in section 3(a)(19) of the Act(15 U.S.C. 78c). (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] Group, in accordance with section 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (See Page 1, No. 9) (b) Percent of class: (See Page 2, No. 11) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote (See Page 1, No. 5) (ii) Shared power to vote or to direct the vote (See Page 1, No. 6) (iii) Sole power to dispose or to direct the disposition of (See Page 1, No. 7) (iv) Shared power to dispose or to direct the disposition of (See Page 1, No. 8) Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Ariel Investments, LLC's adviser clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, all securities reported upon this Schedule. None of Ariel Investments, LLC's clients have an economic interest in more than 5% of the subject securities reported upon this Schedule. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. ARIEL INVESTMENTS, LLC By: /s/ James R. Prescott ________________________________ James R. Prescott Vice President, Compliance The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7 for other parties for whom copies are to be sent. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

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Recent Analyst Ratings for

$GCMG

Date	Price Target	Rating	Analyst
12/23/2024	$12.50 → $14.00	Neutral → Overweight	Piper Sandler
11/11/2024	$13.50 → $12.50	Buy → Hold	TD Cowen
2/16/2024	$9.50 → $10.00	Market Perform → Outperform	TD Cowen
1/4/2024	$9.50	Market Perform	TD Cowen
12/20/2023	$10.00	Neutral	Piper Sandler
4/5/2023	$10.00	Overweight	Piper Sandler
10/19/2022	$9.00	Outperform	Credit Suisse
9/7/2022	$10.00	Neutral	BofA Securities

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SEC Form SC 13G/A filed by GCM Grosvenor Inc. (Amendment)

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$GCMG

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GCM Grosvenor Reports First Quarter 2025 Earnings Results, with Quarter-To-Date Fundraising Increasing 77% Year-Over-Year, Quarter-to-Date GAAP Net Income of $0.5 million, and Fee-Related Earnings and Adjusted Net Income Increasing 22% and 30%, Respectively, Year-Over-Year

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SEC Filings

GCM Grosvenor Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form DEFA14A filed by GCM Grosvenor Inc.

SEC Form DEF 14A filed by GCM Grosvenor Inc.

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GCM Grosvenor Reports First Quarter 2025 Earnings Results, with Quarter-To-Date Fundraising Increasing 77% Year-Over-Year, Quarter-to-Date GAAP Net Income of $0.5 million, and Fee-Related Earnings and Adjusted Net Income Increasing 22% and 30%, Respectively, Year-Over-Year

GCM Grosvenor to Announce First Quarter 2025 Financial Results and Host Investor Conference Call on May 7, 2025

GCM Grosvenor Reports Fourth Quarter and Full Year 2024 Earnings Results, with 2024 Fundraising Increasing 41%, and Year-to-Date GAAP Net Income, Fee-Related Earnings and Adjusted Net Income Increasing 46%, 19% and 36%, Respectively, Year-Over-Year

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Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Principal Accounting Officer Sullivan Kathleen Patricia converted options into 4,352 shares, covered exercise/tax liability with 8,141 shares and returned $32,269 worth of shares to the company (2,559 units at $12.61), decreasing direct ownership by 10% to 54,982 units (SEC Form 4)

Chief HR Officer Hurse Sandra returned $254,016 worth of shares to the company (20,144 units at $12.61), converted options into 8,604 shares and covered exercise/tax liability with 15,142 shares, decreasing direct ownership by 44% to 34,502 units (SEC Form 4)

Chief Financial Officer Bentley Pamela L converted options into 14,708 shares, covered exercise/tax liability with 23,629 shares and returned $272,956 worth of shares to the company (21,646 units at $12.61), decreasing direct ownership by 32% to 65,216 units (SEC Form 4)

$GCMG
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Gcm Grosvenor Inc. converted options into 8,412,331 shares, disposed of 26,456 units of Non-Voting Common Stock, acquired 26,456 shares and bought $1,800,000 worth of shares (60,000 units at $30.00) (SEC Form 4)

SEC Form 4: Grosvenor Capital Management, L.P. bought $189,810 worth of shares (6,327 units at $30.00) and sold $220,180 worth of shares (6,327 units at $34.80)

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Analyst Ratings

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GCM Grosvenor upgraded by Piper Sandler with a new price target

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$GCMG
Large Ownership Changes

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SEC Form SC 13G filed by GCM Grosvenor Inc.

Amendment: SEC Form SC 13G/A filed by GCM Grosvenor Inc.

Amendment: SEC Form SC 13G/A filed by GCM Grosvenor Inc.

SEC Form SC 13G/A filed by GCM Grosvenor Inc. (Amendment)

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Recent Analyst Ratings for $GCMG

$GCMG Press Releases

Fastest customizable press release news feed in the world

GCM Grosvenor Reports First Quarter 2025 Earnings Results, with Quarter-To-Date Fundraising Increasing 77% Year-Over-Year, Quarter-to-Date GAAP Net Income of $0.5 million, and Fee-Related Earnings and Adjusted Net Income Increasing 22% and 30%, Respectively, Year-Over-Year

GCM Grosvenor to Announce First Quarter 2025 Financial Results and Host Investor Conference Call on May 7, 2025

GCM Grosvenor Announces $1.3 Billion Final Close for Infrastructure Advantage Fund II, a Nearly 50% Increase Over its Predecessor Fund

$GCMG SEC Filings

GCM Grosvenor Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form DEFA14A filed by GCM Grosvenor Inc.

SEC Form DEF 14A filed by GCM Grosvenor Inc.

$GCMG Leadership Updates

Live Leadership Updates

GCM Grosvenor Hires Martin Laguerre as Co-Head of Global Diversified Private Equity

Board Approves GCM Grosvenor $0.06 per Share Dividend Payable March 15, 2021 to Stockholders of Record on March 1, 2021

$GCMG Financials

Live finance-specific insights

GCM Grosvenor Reports First Quarter 2025 Earnings Results, with Quarter-To-Date Fundraising Increasing 77% Year-Over-Year, Quarter-to-Date GAAP Net Income of $0.5 million, and Fee-Related Earnings and Adjusted Net Income Increasing 22% and 30%, Respectively, Year-Over-Year

GCM Grosvenor to Announce First Quarter 2025 Financial Results and Host Investor Conference Call on May 7, 2025

GCM Grosvenor Reports Fourth Quarter and Full Year 2024 Earnings Results, with 2024 Fundraising Increasing 41%, and Year-to-Date GAAP Net Income, Fee-Related Earnings and Adjusted Net Income Increasing 46%, 19% and 36%, Respectively, Year-Over-Year

$GCMG Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Principal Accounting Officer Sullivan Kathleen Patricia converted options into 4,352 shares, covered exercise/tax liability with 8,141 shares and returned $32,269 worth of shares to the company (2,559 units at $12.61), decreasing direct ownership by 10% to 54,982 units (SEC Form 4)

Chief HR Officer Hurse Sandra returned $254,016 worth of shares to the company (20,144 units at $12.61), converted options into 8,604 shares and covered exercise/tax liability with 15,142 shares, decreasing direct ownership by 44% to 34,502 units (SEC Form 4)

Chief Financial Officer Bentley Pamela L converted options into 14,708 shares, covered exercise/tax liability with 23,629 shares and returned $272,956 worth of shares to the company (21,646 units at $12.61), decreasing direct ownership by 32% to 65,216 units (SEC Form 4)

$GCMG Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Gcm Grosvenor Inc. converted options into 8,412,331 shares, disposed of 26,456 units of Non-Voting Common Stock, acquired 26,456 shares and bought $1,800,000 worth of shares (60,000 units at $30.00) (SEC Form 4)

SEC Form 4: Grosvenor Capital Management, L.P. bought $189,810 worth of shares (6,327 units at $30.00) and sold $220,180 worth of shares (6,327 units at $34.80)

$GCMG Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

GCM Grosvenor upgraded by Piper Sandler with a new price target

GCM Grosvenor downgraded by TD Cowen with a new price target

GCM Grosvenor upgraded by TD Cowen with a new price target

$GCMG Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by GCM Grosvenor Inc.

Amendment: SEC Form SC 13G/A filed by GCM Grosvenor Inc.

Amendment: SEC Form SC 13G/A filed by GCM Grosvenor Inc.

Recent Analyst Ratings for
$GCMG

$GCMG
Press Releases

$GCMG
SEC Filings

$GCMG
Leadership Updates

$GCMG
Financials

$GCMG
Insider Trading

$GCMG
Insider Purchases

$GCMG
Analyst Ratings

$GCMG
Large Ownership Changes