Management Fees, Net was GCM Grosvenor’s largest product and service line in fiscal 2025, bringing in $815.96M of $1.12B (73%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Management Fees, Net | $712.80M | $721.78M | $773.91M | $815.96M | ||||
| Management Fees | — | — | — | — | ||||
| Carried Interest | $145.09M | $99.18M | $101.83M | $110.51M | ||||
| Performance Fees | $5.25M | $30.63M | $110.65M | $136.49M | ||||
| Fund Expense Reimbursement Revenue | $21.68M | $29.11M | $29.39M | $35.63M | ||||
| Other Operating Income | $8.24M | $9.30M | $12.25M | $16.54M | ||||
| Total | $893.06M | $890.00M | $1.03B | $1.12B |
GCM Grosvenor brought in $1.12B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 8.5% from $1.03B in fiscal 2024. Management Fees, Net was the largest at $815.96M (73.2%), ahead of Performance Fees at $136.49M (12.2%) and Carried Interest at $110.51M (9.9%). The other two lines brought in $52.17M combined.
Compared with fiscal 2024, Performance Fees grew fastest, up 23.4% to $136.49M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $893.06M to $1.12B, a compound annual growth rate of 7.7%. Management Fees, Net's share of the total fell from 79.8% to 73.2%.
GCM Grosvenor (GCMG) reports its revenue by product and service. In fiscal 2025, Management Fees, Net was its largest product and service line, bringing in $815.96M (73.2% of the total), followed by Performance Fees at $136.49M (12.2%).
Management Fees, Net was GCM Grosvenor's largest product and service line in fiscal 2025, bringing in $815.96M, or 73.2% of the $1.12B total across its five product and service lines.
Among GCM Grosvenor's product and service lines that make up at least 2% of revenue, Performance Fees grew fastest in fiscal 2025, up 23.4% from $110.65M to $136.49M.
Every figure comes from GCM Grosvenor's annual financial filings, as reported. Each line keeps the name GCM Grosvenor gives it, and years follow its fiscal calendar.
GCM Grosvenor's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.