Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 4)*
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GCM Grosvenor Inc. (Name of Issuer) |
Class A Common Stock, par value $0.0001 (Title of Class of Securities) |
36831E108 (CUSIP Number) |
12/31/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
|
| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 36831E108 |
| 1 | Names of Reporting Persons
Michael Jay Sacks | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
141,672,819.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
70.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13G
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| CUSIP No. | 36831E108 |
| 1 | Names of Reporting Persons
Grosvenor Holdings, L.L.C. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ILLINOIS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
0.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
68.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: (Limited Liability Company)
SCHEDULE 13G
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| CUSIP No. | 36831E108 |
| 1 | Names of Reporting Persons
Grosvenor Holdings II, L.L.C. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,226,977.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
5.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: (Limited Liability Company)
SCHEDULE 13G
|
| CUSIP No. | 36831E108 |
| 1 | Names of Reporting Persons
GCM Grosvenor Management, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,480,828.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
6.9 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: (Limited Liability Company)
SCHEDULE 13G
|
| CUSIP No. | 36831E108 |
| 1 | Names of Reporting Persons
GCM Progress LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
90,155,396.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
59.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: (Limited Liability Company)
SCHEDULE 13G
|
| CUSIP No. | 36831E108 |
| 1 | Names of Reporting Persons
GCM Progress Subsidiary LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
90,155,396.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
59.8 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: (Limited Liability Company)
SCHEDULE 13G
|
| 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);
| |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
| |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
| |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
| |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
| |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
| |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
| |
| (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);
| |
| (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).
| |
| 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. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
| ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
| ||
| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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Exhibit No. Description 99 Joint Filing Agreement (previously filed). |