GCM Grosvenor: Recurring Revenues Support A Growing Dividend
GCM Grosvenor inc. (GCMG) is rated BUY, supported by strong AUM growth, robust fundraising, and a rising dividend. 80% of GCM Grosvenor's revenues are recurring, with operating leverage driving earnings growth and a 3.8% yield at an all-time high dividend. GCM Grosvenor's forward P/E of 14.5x trades at a 22% discount to recent peaks, with accelerating fundraising expected in 2H26.