| Item 1. | |
| (a) | Name of issuer:
GCM Grosvenor Inc. |
| (b) | Address of issuer's principal executive offices:
900 North Michigan Avenue, Suite 1100, Chicago, IL 60611. |
| Item 2. | |
| (a) | Name of person filing:
Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of:
Michael Jay Sacks
Grosvenor Holdings, L.L.C.
Grosvenor Holdings II, L.L.C.
GCM Grosvenor Management, LLC
GCM Progress LLC
GCM Progress Subsidiary LLC |
| (b) | Address or principal business office or, if none, residence:
The principal business address of the Reporting Persons is c/o GCM Grosvenor Inc., 900 North Michigan Avenue, Suite 1100, Chicago, IL 60611. |
| (c) | Citizenship:
Grosvenor Holdings, L.L.C. is organized under the laws of the state of Illinois. Grosvenor Holdings II, L.L.C., GCM Grosvenor Management, LLC, GCM Progress LLC and GCM Progress Subsidiary LLC are each organized under the laws of the state of Delaware. Michael Jay Sacks is a citizen of the United States. |
| (d) | Title of class of securities:
Class A Common Stock, par value $0.0001 |
| (e) | CUSIP No.:
36831E108 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
|
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
The ownership information presented below represents beneficial ownership of the shares Class A Common Stock as of December 31, 2025, based upon 60,721,681 shares of Class A Common Stock outstanding as of December 31, 2025. The ownership information assumes the redemption of the common units of Grosvenor Capital Management Holdings, LLLP ("Common Units") held by the Reporting Persons for shares of the Issuer's Class A Common Stock on a one-to-one basis.
Michael Jay Sacks 141,672,819
Grosvenor Holdings, L.L.C. 133,965,014
Grosvenor Holdings II, L.L.C. 3,226,977
GCM Grosvenor Management, LLC 4,480,828
GCM Progress LLC 90,155,396
GCM Progress Subsidiary LLC 90,155,396 |
| (b) | Percent of class:
Michael Jay Sacks 70.0%
Grosvenor Holdings, L.L.C. 68.8%
Grosvenor Holdings II, L.L.C. 5.0%
GCM Grosvenor Management, LLC 6.9%
GCM Progress LLC 59.8%
GCM Progress Subsidiary LLC 59.8% |
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
Michael Jay Sacks 0
Grosvenor Holdings, L.L.C. 0
Grosvenor Holdings II, L.L.C. 0
GCM Grosvenor Management, LLC 0
GCM Progress LLC 0
GCM Progress Subsidiary LLC 0
|
| | (ii) Shared power to vote or to direct the vote:
Michael Jay Sacks 141,672,819
Grosvenor Holdings, L.L.C. 133,965,014
Grosvenor Holdings II, L.L.C. 3,226,977
GCM Grosvenor Management, LLC 4,480,828
GCM Progress LLC 90,155,396
GCM Progress Subsidiary LLC 90,155,396
|
| | (iii) Sole power to dispose or to direct the disposition of:
Michael Jay Sacks 0
Grosvenor Holdings, L.L.C. 0
Grosvenor Holdings II, L.L.C. 0
GCM Grosvenor Management, LLC 0
GCM Progress LLC 0
GCM Progress Subsidiary LLC 0
|
| | (iv) Shared power to dispose or to direct the disposition of:
Michael Jay Sacks 141,672,819
Grosvenor Holdings, L.L.C. 133,965,014
Grosvenor Holdings II, L.L.C. 3,226,977
GCM Grosvenor Management, LLC 4,480,828
GCM Progress LLC 90,155,396
GCM Progress Subsidiary LLC 90,155,396
Grosvenor Holdings II, L.L.C. is the record holder of 3,226,977 Common Units. GCM Grosvenor Management, LLC is the record holder of 4,480,828 Common Units. Grosvenor Holdings, L.L.C. is the record holder of 43,802,630 Common Units and 6,988 shares of Class A Common Stock. GCM Progress Subsidiary LLC is the record holder of 90,155,396 Common Units. The Common Units may be redeemed by the Reporting Persons at any time for shares of the Issuer's Class A Common Stock on a one-to-one basis.
Mr. Sacks is the ultimate managing member of each of Grosvenor Holdings, L.L.C., Grosvenor Holdings II, L.L.C. and GCM Grosvenor Management, LLC. Grosvenor Holdings, L.L.C. is the sole member of GCM Progress LLC, which is the sole member of GCM Progress Subsidiary LLC. As a result, Mr. Sacks may be deemed to share beneficial ownership of the securities held by the Reporting Persons.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| |
Not Applicable
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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Rule 13d-1(d)