Grosvenor Capital Management, L.P. (NASDAQ:GCMG) Q3 2022 Earnings Conference Call November 9, 2022 10:00 AM ET

Company Participants

Stacie Selinger - Head IR

Michael Sacks - Chairman and Chief Executive Officer

Jonathan Levin - President

Pamela Bentley - Chief Financial Officer

Conference Call Participants

William Katz - Credit Suisse

Samantha Platt - Bank of America

Kenneth Worthington - JPMorgan

Christoph Kotowski - Oppenheimer

Michael Cyprys - Morgan Stanley

Operator

Good day, and welcome to the GCM Grosvenor 2022 Third Quarter Results Call. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this call will be recorded.

I would now like to hand the call over to Stacie Selinger, Head of Investor Relations. You may begin.

Stacie Selinger

Thank you. Good morning, and welcome to GCM Grosvenor's Third Quarter 2022 Earnings Call. Today, I'm joined by GCM Grosvenor's Chairman and Chief Executive Officer, Michael Sacks; President, Jon Levin; and Chief Financial Officer, Pam Bentley.

Before we discuss this quarter's results, a reminder that all statements made on this call that do not relate to matters of historical facts should be considered forward-looking statements. This includes statements regarding our current expectations for the business, our financial performance and projections. These statements are neither promises nor guarantees. They involve known and unknown risks, uncertainties and other important factors that may cause our actual results to differ materially from those indicated by the forward-looking statements on this call.

Please refer to the factors in the Risk Factors section of our 10-K, our other filings with the Securities and Exchange Commission and our earnings release, all of which are on the Public Shareholders section of our website.

We'll also refer to non-GAAP measures that we view as important in assessing the performance of our business. A recondition of non-GAAP metrics to the nearest GAAP metric can be found in our earnings presentation and earnings supplement, both of which are available on the Public Shareholders section of our website. Our goal is to continually improve how we communicate with and engage with our shareholders. And in that spirit, we look forward to your feedback.

Thank you again for joining us. And with that, I'll turn the call over to Michael.

Michael Sacks

Thank you, Stacie. Grosvenor had a good third quarter in a tough environment. During the quarter, we raised $2.9 billion, marking one of our highest ever quarterly fundraising totals and the second best fundraising quarter we've experienced as a public company. Importantly, after the strong fundraising quarter, our pipeline remains full.