Grosvenor Capital Management, L.P. (NASDAQ:GCMG) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET

Company Participants

Stacie Selinger - Head IR

Michael Sacks - Chairman & CEO

Jonathan Levin - President

Pamela Bentley - CFO

Conference Call Participants

Christoph Kotowski - Oppenheimer

Kenneth Worthington - JPMorgan

Michael Cyprys - Morgan Stanley

Operator

Good day, and welcome to today's GCM Grosvenor 2022 Second Quarter Results Call. [Operator Instructions] As a reminder, this call will be recorded.

I'd 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 Second Quarter 2022 Earnings Call. Today, I am 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 fact 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 reconciliation 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. Against the volatile market backdrop, we had another solid quarter in Q2 with continued growth in net income, fee-related revenue, and fee-related earnings. We also enjoyed strong fundraising and added value to client portfolios. In particular, our private markets verticals continue to perform well with another quarter of strong growth. Going forward, we are confident in our growth prospects and our ability to deliver value to shareholders.