# GCM Grosvenor L.P.

> 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.

- CRD: 108654
- Filed as: GCM GROSVENOR L.P.
- Also doing business as: GCM GROSVENOR
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108654
- AdvisorCensus page: https://advisorcensus.com/firm/gcm-grosvenor-l-p-chicago-il-108654

## Quick answers

**How is GCM Grosvenor L.P. compensated?**
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.

**How much does GCM Grosvenor L.P. charge?**
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.

**Where is GCM Grosvenor L.P. located?**
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).

**Is GCM Grosvenor L.P. registered with the SEC or a state?**
GCM Grosvenor L.P. is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 108654.

**How much does GCM Grosvenor L.P. manage?**
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).

**How have GCM Grosvenor L.P.'s assets and staff changed since 2021?**
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.

**What types of clients does GCM Grosvenor L.P. serve?**
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).

**Does GCM Grosvenor L.P. report any disciplinary disclosures?**
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

**What changed in GCM Grosvenor L.P.'s recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> 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

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $95,489,020,756
- Discretionary: $93,780,367,598
- Non-discretionary: $1,708,653,158

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 3 | $135,332,535 |
| Investment companies | 4 | $313,183,822 |
| Pooled investment vehicles (other than investment companies and business development companies) | 375 | $90,489,948,312 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $9,115,050 |
| State or municipal government entities (including government pension plans) | 10 | $4,541,441,037 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1997 (28 years)
- Employees: 466 total, 166 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, DE, IL, MA, NC, NY, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Charlotte, NC
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- [gcmgrosvenor.com](https://gcmgrosvenor.com)
- LinkedIn @26596
- LinkedIn @belmont-harbor-a-gcm-grosvenor-strategy

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $32,052,575,456 | 277 | March 31, 2021 |
| October 2022 | $35,412,421,519 | 309 | March 31, 2022 |
| October 2023 | $34,351,980,606 | 335 | August 28, 2023 |
| October 2024 | $34,572,975,621 | 346 | July 25, 2024 |
| October 2025 | $85,828,486,844 | 502 | July 1, 2025 |
| October 2026 | $95,489,020,756 | 466 | June 30, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. GCM Grosvenor L.P. (CRD 108654): Form ADV filing data as of October 2026.