{
  "crd_number": 108654,
  "slug": "gcm-grosvenor-l-p-chicago-il-108654",
  "primary_business_name": "GCM GROSVENOR L.P.",
  "legal_name": "GCM GROSVENOR L.P.",
  "dbas": [
    "GCM GROSVENOR"
  ],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1997-10-17",
  "years_registered": 28,
  "period": "2026-10-01",
  "filing_date": "2026-06-30",
  "carried_forward": false,
  "raum_total": 95489020756.0,
  "raum_discretionary": 93780367598.0,
  "raum_non_discretionary": 1708653158.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 466,
  "advisory_employees": 166,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "state_municipal": {
      "raum": 4541441037.0,
      "count": 10
    },
    "investment_companies": {
      "raum": 313183822.0,
      "count": 4
    },
    "pension_profit_sharing": {
      "raum": 9115050.0,
      "count": 2,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 135332535.0,
      "count": 3,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 90489948312.0,
      "count": 375
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "educational_seminars",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "DE",
    "IL",
    "MA",
    "NC",
    "NY",
    "TX",
    "VA"
  ],
  "websites": [
    "https://gcmgrosvenor.com",
    "https://linkedin.com/COMPANY/26596",
    "https://linkedin.com/company/belmont-harbor-a-gcm-grosvenor-strategy/about"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108654",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/gcm-grosvenor-l-p-chicago-il-108654",
  "display_name": "GCM Grosvenor L.P.",
  "summary": "GCM Grosvenor L.P. is an SEC-registered investment advisory firm in Chicago, IL, registered since 1997, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 30, 2026.",
  "citation": "AdvisorCensus. GCM Grosvenor L.P. (CRD 108654): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is GCM Grosvenor L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), GCM Grosvenor L.P. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "How much does GCM Grosvenor L.P. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is GCM Grosvenor L.P. located?",
      "a": "GCM Grosvenor L.P.'s principal office is in Chicago, IL, according to its Form ADV; the July 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is GCM Grosvenor L.P. registered with the SEC or a state?",
      "a": "GCM Grosvenor L.P. is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 108654."
    },
    {
      "q": "How much does GCM Grosvenor L.P. manage?",
      "a": "GCM Grosvenor L.P. reports $95,489,020,756 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (98% discretionary)."
    },
    {
      "q": "How have GCM Grosvenor L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for GCM Grosvenor L.P.: Regulatory assets under management: $32,052,575,456 in the October 2021 data and $95,489,020,756 in the October 2026 data, up 198%. Total employees: 277 in October 2021 and 466 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does GCM Grosvenor L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (375); state or municipal government entities (including government pension plans) (10); investment companies (4)."
    },
    {
      "q": "Does GCM Grosvenor L.P. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108654"
    },
    {
      "q": "What changed in GCM Grosvenor L.P.'s recent Form ADV filings?",
      "a": "In the July 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 32052575456.0,
      "total_employees": 277,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 35412421519.0,
      "total_employees": 309,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 34351980606.0,
      "total_employees": 335,
      "filing_date": "2023-08-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 34572975621.0,
      "total_employees": 346,
      "filing_date": "2024-07-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 85828486844.0,
      "total_employees": 502,
      "filing_date": "2025-07-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 95489020756.0,
      "total_employees": 466,
      "filing_date": "2026-06-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 164 to 166.",
        "Regulatory assets under management went from $85,828,486,844 to $95,489,020,756 (+11%).",
        "Registered or notice-filed in AL.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "a percentage of investor commitments, or the cost or value of assets invested or committed which may include uncalled or reserved capital, of up to 2% per annum, typically payable monthly or quarterly, either in advance or in arrears"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 2.0,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "a percentage of investor commitments, or the cost or value of assets invested or committed which may include uncalled or reserved capital, of up to 2% per annum, typically payable monthly or quarterly, either in advance or in arrears"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/gcm-grosvenor-l-p-chicago-il-108654.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 3,
      "fewer_than_5": true,
      "raum": 135332535.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 4,
      "fewer_than_5": false,
      "raum": 313183822.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 375,
      "fewer_than_5": false,
      "raum": 90489948312.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 9115050.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 4541441037.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108654",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}