Grosvenor Capital Management, L.P. (NASDAQ:GCMG) Q4 2023 Earnings Conference Call February 13, 2024 10:00 AM ET

Company Participants

Stacie Selinger - Head-Investor Relations

Michael Sacks - Chairman & CEO

Jonathan Levin - President

Pamela Bentley - CFO

Conference Call Participants

Crispin Love - Piper Sandler

Bill Katz - TD Cowen

Chris Kotowski - Oppenheimer

Ken Worthington - JPMorgan

Adam Beatty - UBS

Michael Cyprys - Morgan Stanley

Operator

Good day, and welcome to the GCM Grosvenor 2023 Fourth Quarter and Full Year 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 fourth quarter and full year 2023 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 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 Commissions and our earnings release, all of which are available on the public shareholder 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 earning supplement, both of which are available on 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, and thank you all for joining us. We are pleased to report solid results for the fourth quarter and full year 2023, despite the challenging environment for our industry. Importantly, 2023 was another year in which we delivered value to client portfolios, strengthened and expanded our platform, and grew our earnings power and our intrinsic value for shareholders.