GCM Grosvenor (GCM Grosvenor) Cash, Cash Equivalents, Marketable Securities : $41.9 Mil (As of Mar. 2024)

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What is GCM Grosvenor Cash, Cash Equivalents, Marketable Securities?

GCM Grosvenor's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($55.35 Mil) to Dec. 2023 ($44.35 Mil) but then stayed the same from Dec. 2023 ($44.35 Mil) to Mar. 2024 ($41.86 Mil).

GCM Grosvenor's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($96.19 Mil) to Dec. 2022 ($85.16 Mil) and declined from Dec. 2022 ($85.16 Mil) to Dec. 2023 ($44.35 Mil).

GCM Grosvenor Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for GCM Grosvenor's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GCM Grosvenor Cash, Cash Equivalents, Marketable Securities Chart

GCM Grosvenor Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

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79.87

198.15

96.19

85.16

44.35

GCM Grosvenor Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial														61.87	50.76	55.35	44.35	41.86

GCM Grosvenor Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

GCM Grosvenor (NAS:GCMG) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

GCM Grosvenor Cash, Cash Equivalents, Marketable Securities Related Terms

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GCM Grosvenor (GCM Grosvenor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GCM Grosvenor Inc (NAS:GCMG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 North Michigan Avenue, Suite 1100, Chicago, IL, USA, 60611

Website

https://www.gcmgrosvenor.com

GCM Grosvenor Inc is a global alternative asset management firm. It invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, ESG and absolute return strategies. The company's offerings include multi-manager portfolios as well as portfolios of direct investments and co-investments. It also offers multi-client portfolios for investors who desire a turn-key solution for accessing alternative investments.

Executives

Pamela L Bentley	officer: Chief Financial Officer	C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Sandra Hurse	officer: Chief HR Officer	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Kathleen Patricia Sullivan	officer: M D and Head of Accounting	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Gcm Progress Llc	10 percent owner	C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm Progress Subsidiary Llc	10 percent owner	C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Cf Finance Holdings Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Stephen Malkin	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Francesca Cornelli	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Angela Blanton	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm V, Llc	10 percent owner	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Grosvenor Holdings, L.l.c.	10 percent owner	900 NORTH MICHIGAN AVE, SUITE 1100, CHICAGO IL 60611
Jonathan Reisin Levin	director, officer: President	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Frederick Pollock	officer: Chief Investment Officer	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Michael Jay Sacks	director, 10 percent owner, officer: Chief Executive Officer	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611