ARS Portfolio Management Intern

Wanted: Valuation leaders at GCM Grosvenor, HarbourVest. Money managers GCM Grosvenor of Chicago and HarbourVest Partners of Boston have launched searches for valuation heads, while alternative investment firm Partners Group of Zug, Switzerland, is recruiting for several valuation roles. GCM Grosvenor is hiring two heads of valuation, one at its Chicago office and the other in New York, to lead that function for private equity, credit, infrastructure, real estate and other strategies. Meanwhile, HarbourVest Partners seeks a senior vice president for its Boston office to serve as head of valuations for alternative assets that include private equity, debt financing and infrastructure. For its part, Partners Group is hiring a valuation professional for its London office to work on private infrastructure and private markets royalties, as well as private equity, credit and real estate. The firm also seeks a valuation analyst/professional for its Singapore office and a valuation intern for its Luxembourg office. Behind the Hiring: We were unable to reach executives at the firms to learn more about the jobs. However, the openings suggest the growing importance of valuations to both limited partners and general partners. With exits in short supply and holding periods lengthening, LPs have to rely more on estimates of private company values to determine how their portfolios are performing. At the same time, the job of estimating the value of portfolio companies has become more complex in the age of AI. Portfolio companies using AI can often get by with smaller payrolls - a potential boon to valuations. At the same time, they could become vulnerable to AI-native rivals in a way that could undermine valuations. GCM Grosvenor Positions: The heads of valuation will both set a "strategic vision for the valuation function across people, process, and technology - including the responsible use of artificial intelligence and automation," according to the job descriptions. Each role comes with an estimated annual salary of $200,000 to $275,000. It was not immediately clear whether the positions are new. GCM Grosvenor employs a head of operational due diligence, Timothy Wyne, who also leads the firm's valuation team. HarbourVest Partners Position: The SVP and head of valuations will work on a valuation strategy involving governance, fair value and operating scalability. "The ideal candidate is an accomplished valuation leader with deep experience across Evergreen and Closed-end fund structures and a strong command of SEC and comparable regulatory frameworks," the job ad notes. The role includes an anticipated base salary of $285,000 to $310,000. Fundraising Update: All three firms announced fund and strategy closings last month. GCM Grosvenor's Credit Secondaries Fund closed at $1.2 billion. HarbourVest Partners' Co-Investment Fund VII Program closed at about $4.75 billion. And Partners Group closed its fourth direct infrastructure program with more than $15 billion. Image Credit: ChatGPT

GCM Grosvenor reports second quarter 2026 earnings results with GAAP net income of $9.6 million, fee-related earnings up 21%, and adjusted net income up 22% year-over-year. * August 10, 2026 CHICAGO, Aug. 10, 2026 (GLOBE NEWSWIRE) - GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today reported its results for the second quarter 2026. GCM Grosvenor issued a detailed presentation of its results to the Public Shareholders section of GCM Grosvenor's website at https://www.gcmgrosvenor.com/shareholder-events. The firm's Board of Directors also approved a $0.12 per share dividend payable on September 15, 2026 to shareholders on record September 1, 2026. Conference Call A conference call to discuss GCM Grosvenor's financial results will be held today, Monday, August 10, 2026, at 10:00 a.m. ET. The call will be accessible via public webcast from the Public Shareholders section of GCM Grosvenor's website at https://www.gcmgrosvenor.com/shareholder-events, and a replay of the live broadcast will be available on the website soon after the call's completion. The call can also be accessed by dialing (800) 330-6710 (toll-free) or (312) 471-1353 and using the passcode 5588218. About GCM Grosvenor GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $97 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor's experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com. Non-GAAP Financial Measures Included in the results above, GCM Grosvenor Inc. report certain financial measures that are not required by, or presented in accordance with, GAAP. Management uses these non-GAAP measures to assess the performance of its business across reporting periods and believes this information is useful to investors for the same reasons. These non-GAAP measures should not be considered a substitute for the most directly comparable GAAP measures, which GCM Grosvenor Inc. reconcile within the detailed presentation discussed above. Further, these measures have limitations as analytical tools, and when assessing its operating performance, you should not consider these measurements in isolation or as a substitute for GAAP measures including net income (loss). GCM Grosvenor Inc. may calculate or present these non-GAAP financial measures differently than other companies who report measures with the same or similar names, and as a result, the non-GAAP measures GCM Grosvenor Inc. report may not be comparable. Share Repurchase Plan Authorization GCMG's Board of Directors previously authorized a share repurchase plan, which may be used to repurchase outstanding Class A common stock and warrants in open market transactions, in privately negotiated transactions including with employees or otherwise, as well as to retire (by cash settlement or the payment of tax withholding amounts upon net settlement) equity-based awards granted under the Company's Amended and Restated 2020 Incentive Award Plan (or any successor equity plan thereto). The Company is not obligated under the terms of plan to repurchase any of its Class A common stock or warrants, and the size and timing of these repurchases will depend on legal requirements, price, market and economic conditions and other factors. The plan has no expiration date and the plan may be suspended or terminated by the Company at any time without prior notice. Any outstanding shares of Class A common stock and any warrants repurchased as part of this plan will be cancelled. Of the Company's $255.0 million total share repurchase authorization, $55.0 million remained available as of June 30, 2026. Public Shareholders Contact Stacie Selinger [email protected] 312-506-6583 Media Contact Dana Gorman / Deven Anand H/Advisors (on behalf of GCM Grosvenor) [email protected] / [email protected] 212-371-5999