SCHEDULE 13G: LMR Partners Group Discloses 7% Passive Stake in GCM Grosvenor Inc.

LMR Partners and its affiliated entities, along with individuals Ben Levine and Stefan Renold, have reported a collective 7% beneficial ownership stake in GCM Grosvenor Inc. as of December 31, 2024.

Summary

• LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited, LMR Partners (Ireland) Limited (collectively, the "LMR Investment Managers"), and individuals Ben Levine and Stefan Renold (collectively, the "Reporting Persons") have filed a Schedule 13G.
• The filing reports beneficial ownership of 3,383,794 shares of GCM Grosvenor Inc.'s Class A Common Stock.
• This ownership represents 7% of the outstanding Class A Common Stock of GCM Grosvenor Inc.
• The beneficial ownership is primarily through warrants to purchase shares held directly by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, with each fund holding warrants for 1,691,897 shares.
• The percentage ownership is calculated based on 44,899,246 shares of Class A Common Stock outstanding as of November 4, 2024, as reported in the Issuer's Form 10-Q filed on November 8, 2024, plus shares acquirable by the Reporting Persons within 60 days.
• The Reporting Persons collectively hold shared voting power and shared dispositive power over all 3,383,794 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing a passive beneficial ownership stake, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• A significant institutional investor group, LMR Partners, has taken a passive 7% stake in GCM Grosvenor Inc., which may signal confidence in the company's long-term prospects.

Risks

• None explicitly mentioned in the context of the filing's purpose, as this document is a disclosure of passive ownership.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership report.

Management Comments

• The Reporting Persons certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This Schedule 13G filing provides transparency into the institutional ownership structure of GCM Grosvenor Inc., a common practice in the financial industry for investors crossing significant ownership thresholds. Such disclosures are routine and contribute to market transparency regarding major shareholder positions.

Stakeholder Impact

• Shareholders gain increased transparency regarding the significant institutional ownership of GCM Grosvenor Inc.'s Class A Common Stock.

Next Steps

• The Reporting Persons will be required to file amendments to this Schedule 13G if there are material changes to their beneficial ownership or the nature of their ownership.

Key Dates

Keywords

GCM Grosvenor Inc., Class A Common Stock, Schedule 13G, Beneficial Ownership, LMR Partners, Institutional Investor, SEC Filing, Investment Management, Warrants