INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.  )

Check the appropriate box:

Payment of Filing Fee (Check all boxes that apply):

April 25, 2025

To Our Stockholders:

You are cordially invited to attend the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of GCM Grosvenor Inc. at 1:00 p.m. Central time, on Thursday, June 5, 2025. The Annual Meeting will be a completely virtual meeting, which will be conducted via live webcast. There is no physical location for the Annual Meeting.

The Notice of Meeting and Proxy Statement on the following pages describe the matters to be presented at the Annual Meeting. You will be able to attend the Annual Meeting online and submit your questions during the meeting by visiting www.virtualshareholdermeeting.com/GCMG2025 and entering your 16-digit control number included on your proxy card or on the instructions that accompanied your proxy materials. Please see the section called “Who can attend the Annual Meeting?” on page 6 of the proxy statement for more information about how to attend the meeting online.

Whether or not you attend the Annual Meeting online, it is important that your shares be represented and voted at the Annual Meeting. Therefore, I urge you to promptly vote and submit your proxy by phone, via the Internet, or if you received paper copies of these materials, by signing, dating and returning the enclosed proxy card in the enclosed envelope, which requires no postage if mailed in the United States. If you have previously received our Notice of Internet Availability of Proxy Materials, then instructions regarding how you can vote are contained in that notice. If you have received a proxy card, then instructions regarding how you can vote are contained on the proxy card. If you decide to attend the Annual Meeting virtually, you will be able to vote online, even if you have previously submitted your proxy.

I and the other members of the Board of Directors look forward to greeting you at the Annual Meeting, and appreciate your continued interest in and support of GCM Grosvenor Inc.

Sincerely,

 

Michael J. Sacks

Chief Executive Officer and Chairman

As used in the accompanying proxy statement, unless otherwise indicated, references to “GCM,” the “Company,” “we,” “us,” and “our,” and similar references refer collectively to GCM Grosvenor Inc. and its consolidated subsidiaries.

Unless the context otherwise requires, references in this proxy statement to:

 

 

This proxy statement is furnished in connection with the solicitation by the Board of Directors of GCM Grosvenor Inc. of proxies to be voted at our Annual Meeting of Stockholders to be held on Thursday, June 5, 2025 (the “Annual Meeting”), at 1:00 p.m. Central time, and at any continuation, postponement, or adjournment of the Annual Meeting. The Annual Meeting will be a completely virtual meeting, which will be conducted via live webcast. You will be able to attend the Annual Meeting online and submit your questions during the meeting by visiting www.virtualshareholdermeeting.com/GCMG2025 and entering your 16-digit control number included on your proxy card or on the instructions that accompanied your proxy materials.

Holders of record of shares of our Class A common stock and Class C common stock (together, our “common stock”), as of the close of business on April 9, 2025 (the “Record Date”), will be entitled to notice of and to vote at the Annual Meeting and any continuation, postponement, or adjournment of the Annual Meeting, and will vote together as a single class on all matters presented at the Annual Meeting. As of the Record Date, there were 45,238,976 shares of Class A common stock outstanding and entitled to vote at the Annual Meeting and 144,235,246 shares of Class C common stock outstanding and entitled to vote at the Annual Meeting, representing approximately 25% and 75% of the voting power of our common stock, respectively. Each share of Class A common stock is entitled to one vote per share and each share of Class C common stock is entitled to 0.934701689 votes per share on any matter presented to stockholders at the Annual Meeting.

This proxy statement and the Company’s Annual Report to Stockholders for the year ended December 31, 2024 (the “2024 Annual Report”) will be released on or about April 25, 2025 to our stockholders on the Record Date.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS

FOR THE STOCKHOLDER MEETING TO BE HELD ON THURSDAY, JUNE 5, 2025

This Proxy Statement and our 2024 Annual Report to Stockholders are available at

http://www.proxyvote.com/

At the Annual Meeting, our stockholders will be asked:

We know of no other business that will be presented at the Annual Meeting. If any other matter properly comes before the stockholders for a vote at the Annual Meeting, however, the proxy holders named on the Company’s proxy card will vote your shares in accordance with their best judgment.

The Board of Directors (the “Board”) recommends that you vote your shares as indicated below. If you return a properly completed proxy card, or vote your shares by telephone or Internet, your shares of common stock will be voted on your behalf as you direct. If not otherwise specified, the shares of common stock represented by the proxies will be voted, and the Board recommends that you vote:

If any other matter properly comes before the stockholders for a vote at the Annual Meeting, the proxy holders named on the Company’s proxy card will vote your shares in accordance with their best judgment.

Why you received this proxy statement. You are viewing or have received these proxy materials because GCM’s Board is soliciting your proxy to vote your shares at the Annual Meeting. This proxy statement includes information that we are required to provide to you under the rules of the SEC and that is designed to assist you in voting your shares.

Notice of Internet Availability of Proxy Materials. As permitted by SEC rules, GCM is making this proxy statement and its 2024 Annual Report available to its stockholders electronically via the Internet. On or about April 25, 2025, we mailed to our stockholders a Notice of Internet Availability of Proxy Materials (the “Internet Notice”) containing instructions on how to access this proxy statement and our 2024 Annual Report and vote online. If you received an Internet Notice by mail, you will not receive a printed copy of the proxy materials in the mail unless you specifically request them. Instead, the Internet Notice instructs you on how to access and review all of the important information contained in the proxy statement and 2024 Annual Report. The Internet Notice also instructs you on how you may submit your proxy over the Internet. If you received an Internet Notice by mail and would like to receive a printed copy of our proxy materials, you should follow the instructions for requesting such materials contained on the Internet Notice.

Printed Copies of Our Proxy Materials. If you received printed copies of our proxy materials, then instructions regarding how you can vote are contained on the proxy card included in the materials.

Householding. The SEC’s rules permit us to deliver a single set of proxy materials to one address shared by two or more of our stockholders. This delivery method is referred to as “householding” and can result in significant cost savings. To take advantage of this opportunity, we have delivered only one set of proxy materials to multiple stockholders who share an address, unless we received contrary instructions from the impacted stockholders prior to the mailing date. We agree to deliver promptly, upon written or oral request, a separate copy of the proxy materials, as requested, to any stockholder at the shared address to which a single copy of those documents was delivered. If you prefer to receive separate copies of the proxy materials, contact Broadridge Financial Solutions, Inc. at 1-866-540-7095 or in writing at Broadridge, Householding Department, 51 Mercedes Way, Edgewood, New York 11717.

If you are currently a stockholder sharing an address with another stockholder and wish to receive only one copy of future proxy materials for your household, please contact Broadridge at the above phone number or address.

The Record Date for the Annual Meeting is April 9, 2025. You are entitled to vote at the Annual Meeting only if you were a stockholder of record at the close of business on that date, or if you hold a valid proxy for the Annual Meeting. Each outstanding share of Class A common stock is entitled to one vote per share and each outstanding share of Class C common stock is entitled to 0.934701689 votes per share for all matters before the Annual Meeting in accordance with the provisions of our Charter and the Stockholders Agreement. Holders of Class A common stock and Class C common stock vote together as a single class on any matter (including the proposals to be voted on at the Annual Meeting) that is submitted to a vote of our stockholders, unless otherwise required by law or our Charter. At the close of business on the Record Date, there were 45,238,976 shares of Class A common stock and 144,235,246 shares of Class C common stock outstanding and entitled to vote at the Annual Meeting, representing approximately 25% and 75% voting power of our common stock, respectively.

A record holder holds shares in his or her name. Shares held in “street name” means shares that are held in the name of a bank or broker on a person’s behalf.

Yes. If your shares are held by a bank or a brokerage firm, you are considered the “beneficial owner” of those shares held in “street name.” If your shares are held in street name, these proxy materials are being provided to you by your bank or brokerage firm, along with a voting instruction card if you received printed copies of our proxy materials. As the beneficial owner, you have the right to direct your bank or brokerage firm how to vote your shares, and the bank or brokerage firm is required to vote your shares in accordance with your instructions. See “How do I vote—Beneficial Owners of Shares Held in ‘Street Name”’ below for additional information.

A quorum must be present at the Annual Meeting for any business to be conducted. The presence at the Annual Meeting online or by proxy, of the holders of a majority in voting power of the common stock issued and outstanding and entitled to vote on the Record Date will constitute a quorum.

GCM has decided to hold the Annual Meeting entirely online this year. You may attend and participate in the Annual Meeting by visiting the following website: www.virtualshareholdermeeting.com/GCMG2025. To attend and participate in the Annual Meeting, you will need the 16-digit control number included on your proxy card or on the instructions that accompanied your proxy materials. If your shares are held in “street name,” you should contact your bank or broker to obtain your 16-digit control number or otherwise vote through the bank or broker. If you lose your 16-digit control number, you may join the Annual Meeting as a “Guest” but you will not be able to vote, ask questions or access the list of stockholders as of the Record Date. The meeting webcast will begin promptly at 1:00 p.m. Central time. We encourage you to access the meeting prior to the start time. Online check-in will begin at 12:45 p.m., Central time, and you should allow ample time for the check-in procedures.

If a quorum is not present at the scheduled time of the Annual Meeting, the Chairperson of the Annual Meeting is authorized by our Amended and Restated Bylaws to adjourn the meeting, without the vote of stockholders.

It means that your shares are held in more than one account at the transfer agent and/or with banks or brokers. Please vote all of your shares. To ensure that all of your shares are voted, for each Internet Notice or set of proxy materials, please submit your proxy by phone, via the Internet, or, if you received printed copies of the proxy materials, by signing, dating and returning the enclosed proxy card in the enclosed envelope.

Stockholders of Record. If you are a stockholder of record, you may vote:

Internet and telephone voting facilities for stockholders of record will be available 24 hours a day and will close at 11:59 p.m., Central time, on June 4, 2025. To participate in the Annual Meeting, including to vote via the Internet or telephone, you will need the 16-digit control number included on your Internet Notice, on your proxy card or on the instructions that accompanied your proxy materials.

Whether or not you expect to attend the Annual Meeting online, we urge you to vote your shares as promptly as possible to ensure your representation and the presence of a quorum at the Annual Meeting. If you submit your proxy, you may still decide to attend the Annual Meeting and vote your shares electronically.

Beneficial Owners of Shares Held in “Street Name.” If your shares are held in “street name” through a bank or broker, you will receive instructions on how to vote from the bank or broker. You must follow their instructions in order for your shares to be voted. Internet and telephone voting also may be offered to stockholders owning shares through certain banks and brokers. If your shares are not registered in your own name and you would like to vote your shares online at the Annual Meeting, you should contact your bank or broker to obtain your 16-digit control number or otherwise vote through the bank or broker. If you lose your 16-digit control number, you may join the Annual Meeting as a “Guest” but you will not be able to vote, ask questions or access the list of stockholders as of the Record Date. You will need to obtain your own Internet access if you choose to attend the Annual Meeting online and/or vote over the Internet.

Yes.

If you are a registered stockholder, you may revoke your proxy and change your vote:

Your most recent proxy card or Internet or telephone proxy is the one that is counted. Your attendance at the Annual Meeting by itself will not revoke your proxy unless you give written notice of revocation to the Secretary before your proxy is voted or you vote online at the Annual Meeting.

If your shares are held in street name, you may change or revoke your voting instructions by following the specific directions provided to you by your bank or broker, or you may vote online at the Annual Meeting using your 16-digit control number or otherwise voting through your bank or broker.

A representative of Broadridge Financial Solutions, Inc., our inspector of election, will tabulate and certify the votes.

If you submit a proxy but do not indicate any voting instructions, the persons named as proxies will vote in accordance with the recommendations of the Board. The Board’s recommendations are indicated on page 5 of this proxy statement, as well as with the description of each proposal in this proxy statement.

We know of no other business that will be presented at the Annual Meeting. If any other matter properly comes before the stockholders for a vote at the Annual Meeting, however, the proxy holders named on the Company’s proxy card will vote your shares in accordance with their best judgment.

We believe that hosting a virtual meeting this year is in the best interest of the Company and its stockholders. A virtual meeting also enables increased stockholder attendance and participation because stockholders can participate from any location around the world. You will be able to attend the Annual Meeting online and submit your questions by visiting www.virtualshareholdermeeting.com/GCMG2025. You also will be able to vote your shares electronically at the Annual Meeting by following the instructions above.

We will have technicians ready to assist you with any technical difficulties you may have accessing the virtual meeting website, and the information for assistance will be located on www.virtualshareholdermeeting.com/GCMG2025.

As part of the Annual Meeting, we will hold a live Q&A session, during which we intend to answer questions submitted online during the meeting that are pertinent to the Company and the meeting matters, as time permits. Only stockholders that have accessed the Annual Meeting as a stockholder (rather than a “Guest”) by following the procedures outlined above in “Who can attend the Annual Meeting?” will be permitted to submit questions during the Annual Meeting. Each stockholder is limited to no more than two questions. Questions and answers may be grouped by topic, and substantially similar questions may be grouped and answered as one. We will not address questions that are not pertinent to the business of the Company or the business of the Annual Meeting, or that we otherwise believe are not appropriate under the circumstances.

A “vote withheld,” in the case of the proposal regarding the election of directors, or an “abstention,” in the case of the proposal regarding the ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm, represents a stockholder’s affirmative choice to decline to vote on a proposal.

Votes withheld and abstentions are counted as present and entitled to vote for purposes of determining a quorum. .

Generally, broker non-votes occur when shares held by a broker in “street name” for a beneficial owner are not voted with respect to a particular proposal because the broker (1) has not received voting instructions from the beneficial owner and (2) lacks discretionary voting power to vote those shares. A broker is entitled to vote shares held for a beneficial owner on routine matters, such as the ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm, without instructions from the beneficial owner of those shares. On the other hand, absent instructions from the beneficial owner of such shares, a broker is not entitled to vote shares held for a beneficial owner on non-routine matters, such as the election of directors. Broker non-votes count for purposes of determining whether a quorum is present.

We plan to announce preliminary voting results at the Annual Meeting and we will report the final results in a Current Report on Form 8-K, which we intend to file with the SEC after the Annual Meeting.

The principal occupations and business experience, for at least the past five years, of each director nominee for election at the Annual Meeting are as follows:

Michael J. Sacks has served as our Chief Executive Officer and Chairman of our Board since our formation in July 2020. Mr. Sacks is also GCM Grosvenor’s Chief Executive Officer, having joined GCM Grosvenor in 1990 and soon after being named its Chief Executive Officer in 1994. Under Mr. Sacks’ leadership, GCM Grosvenor grew from its position as an early participant in a cottage industry to its current position as one of the largest independent open architecture alternative asset platforms. Mr. Sacks is engaged civically, serving on a number of nonprofit boards. In addition to serving as Chairman of our Board, he has served as a member of the boards of CION Grosvenor Infrastructure Fund and CION Grosvenor Infrastructure Master Fund, LLC, closed-end management investment companies where GCM Grosvenor serves as a sub-adviser, since 2024. He graduated from Tulane University with a B.S. in Economics and holds a general course certificate from the London School of Economics. In addition, Mr. Sacks holds an M.B.A. from the Kellogg Graduate School of Management at Northwestern University and a J.D. from Northwestern University’s Pritzker School of Law. Mr. Sacks is well qualified to serve on our Board because of his experience with GCM and GCM Grosvenor, including in his capacity as Chief Executive Officer of each entity.

Jonathan R. Levin joined GCM Grosvenor in 2011, became its President in 2017 and has served as a member of our Board since November 2020. Mr. Levin, in addition to his managerial responsibilities, serves on a number of the firm’s Investment Committees. Prior to joining GCM Grosvenor, Mr. Levin was the Treasurer and Head of Investor Relations at Kohlberg Kravis Roberts & Co. (“KKR”), where he worked from 2004 to 2011, where he was responsible for managing KKR’s balance sheet investments, engaging with public investors and industry analysts, and leading strategic projects. Prior to his role as Treasurer and Head of Investor Relations, Mr. Levin worked in KKR’s private equity business and focused on investments in the financial services industry. Mr. Levin began his career as an Analyst in the private equity group of Bear Stearns. Mr. Levin holds an A.B. in Economics from Harvard College and is a member of the board of directors of the Ann & Robert H. Lurie Children’s Hospital of Chicago, the Museum of Contemporary Art Chicago, and the Francis W. Parker school. Mr. Levin is well qualified to serve on our Board because of his experience with GCM and GCM Grosvenor, including in his capacity as President of each entity, and his experience in the asset management industry.

Angela Blanton has served as a member of our Board since November 2020. Ms. Blanton has served as Carnegie Mellon University’s Vice President for Finance and Chief Financial Officer since 2017 after serving as interim Vice President and Chief Financial Officer in 2016. Ms. Blanton has over 20 years of experience spanning finance, project management and engineering disciplines within the higher education, financial services and manufacturing industries. Prior to joining Carnegie Mellon, Ms. Blanton was Chief Financial Officer for PNC Investments Brokerage from February 2015 to December 2015. Ms. Blanton serves on the boards of the Pittsburgh Public Theater, where she previously served as Chair, and on the Thought Leadership Committee for Pittsburgh’s Allegheny Conference on Community Development and Code for America. Ms. Blanton received a B.S. in electrical engineering from the University of Michigan and her M.B.A. from the Tepper School of Business at Carnegie Mellon University. We believe Ms. Blanton is well qualified to serve on our Board because of her experience as a chief financial officer and in the financial services industry.

Francesca Cornelli has served as a member of our Board since November 2020. Dr. Cornelli is the dean of Northwestern University’s Kellogg School of Management, a position she has held since August 1, 2019. She is also a professor of finance and holds the Donald P. Jacobs Chair in Finance. Prior to that, she was a professor of finance and deputy dean at London Business School from 1994 to 2019. Dr. Cornelli’s research interests include corporate governance, private equity, privatization, bankruptcy, IPOs and innovation policy. She has been an editor of the Review of Financial Studies and an associate editor at the Journal of Finance. She is a research fellow at the Center for Economic and Policy Research, and previously served as a director of the American Finance Association. Dr. Cornelli has previously taught at the Wharton School of the University of Pennsylvania, the Fuqua School of Business at Duke University, The London School of Economics, the Indian School of Business in Hyderabad and the

New Economic School in Moscow. She has also served as an independent board member of several global corporations, including Ryan Specialty Holdings, Inc. since July 2023, Banca Intesa SanPaolo from 2016 to 2019, Telecom Italia from 2014 to 2018, and Swiss Re International and Swiss Re Holdings from 2013 to 2019. In January 2016 she helped create and became a board member of AFFECT, a committee of the American Finance Association designed to promote the advancement of women academics in the field of finance. We believe Dr. Cornelli is well qualified to serve on our Board due to her experience as an academic in finance and governance, and her experience on boards of directors of other companies.

David A. Helfand joined as a member of our Board in February 2025. Mr. Helfand is the President, Chief Executive Officer and Chair of the Board of Equity Commonwealth (NYSE: EQC), a publicly traded real estate investment trust (REIT) that owned and managed commercial office properties in the United States. He has been Chair of the Board of EQC since May 2023 and has been trustee, President and Chief Executive Officer since May 2014. Mr. Helfand serves as an Advisor to Equity Group Investments (“EGI”), a private investment firm, where he previously served as Co-President, overseeing EGI’s real estate activities. Mr. Helfand is also the Founder and President of Helix Funds LLC (“Helix Funds”), a private real estate investment management company. He also served as Chief Executive Officer for American Residential Communities LLC (“ARC”), a Helix Funds portfolio company. Before founding Helix Funds, Mr. Helfand served as Executive Vice President and Chief Investment Officer for Equity Office Properties Trust (“EOP”). Prior to working with EOP, Mr. Helfand served as a Managing Director and participated in the formation of Equity International, a private investment firm focused on real estate-related companies outside the U.S. He was also the President and Chief Executive Officer of Equity LifeStyle Properties (NYSE: ELS), an operator of manufactured home communities, and served as Chairman of the Board’s audit committee. His earlier career included investment activity in a variety of asset classes, including retail, office, parking and multifamily. Mr. Helfand also serves as a Director of the Ann & Robert H. Lurie Children’s Hospital of Chicago, on the National Association of Real Estate Investment Trusts (“Nareit”) Advisory Board of Governors, on the Executive Committee of the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of the University of Pennsylvania, on the Executive Committee of the Kellogg Real Estate Center at Northwestern University, on the Board of Visitors at the Weinberg College of Arts and Sciences at Northwestern University, and as trustee on the Board of Trustees of Northwestern University. Mr. Helfand holds an M.B.A. from the University of Chicago Graduate School of Business and a B.A. from Northwestern University. We believe Mr. Helfand is well qualified to serve on our Board due to his extensive business expertise and his experience on boards of directors of other public companies and organizations.

Stephen Malkin has served as a member of our Board since November 2020. Mr. Malkin is President of Ranger Capital Corporation, a position he has held continuously since departing from his position as a senior executive of GCM Grosvenor in 2005. Mr. Malkin was associated with GCM Grosvenor from 1992 through 2005, during most of which time he served on GCM Grosvenor’s Management Committee and shared management responsibilities with Mr. Sacks. Mr. Malkin was also a member of GCM Grosvenor’s Absolute Return Strategies Investment Committee and shared responsibility for portfolio management as well as the evaluation, selection, and monitoring of various Absolute Return Strategies investments. Prior to his role with GCM Grosvenor, from 1988 through 1991, Mr. Malkin worked in various management positions for JMB Realty Corporation, focusing on non-real estate corporate acquisition opportunities. From 1983 to 1986, Mr. Malkin was an analyst with Salomon Brothers Inc. in Chicago and Tokyo. He received a B.B.A. from the University of Michigan and an M.B.A. in Finance from the Wharton School of the University of Pennsylvania. We believe Mr. Malkin is well qualified to serve on our Board because of his management and investment experience with GCM Grosvenor, including as a former GCM Grosvenor Management Committee member and Absolute Return Strategies Investment Committee member, and his experience as an investment professional with over 35 years’ experience.

Samuel C. Scott III has served as a member of our Board since November 2020. Prior to his retirement in 2009, Mr. Scott served as Chairman and Chief Executive Officer, since 2001, and President and Chief Operating Officer, since 1997, of Corn Products International, Inc., a leading global ingredients solutions provider now known as Ingredion Incorporated. Mr. Scott previously served as President of CPC International’s Corn Refining division from 1995 to 1997 and President of American Corn Refining from 1989 to 1997. In addition to his public board service,

Mr. Scott also serves on the Board of Trustees of the Ringling College of Art and Design, the board of the Sarasota Memorial Hospital Foundation and the board of the American Business Immigration Coalition. Mr. Scott served on the board of directors of BNY Mellon from 2003 to 2022, where he served as a member of its Audit Committee, its Human Resources and Compensation Committee and its Corporate Governance, Nominating & ESG Committee. Mr. Scott served on the board of Motorola Solutions, Inc. from 1993 until 2019 and was its lead director from 2015 to 2019. Mr. Scott also served on the board of Abbott Laboratories from 2007 until 2020. Mr. Scott received both a B.S. and an M.B.A. from Fairleigh Dickinson University. We believe Mr. Scott is well qualified to serve on our Board due to his experience as an executive and on boards of directors of other companies.

If you submit a proxy but do not indicate any voting instructions, the persons named as proxies will vote the shares of common stock represented thereby for the election as a director of the person whose name and biography appears below. In the event that any of Mr. Sacks, Ms. Blanton, Dr. Cornelli, Mr. Helfand, Mr. Levin, Mr. Malkin or Mr. Scott should become unable to serve, or for good cause will not serve, as a director, it is intended that votes will be cast for a substitute nominee designated by the Board or the Board may elect to reduce its size. The Board has no reason to believe that any of the director nominees will be unable to serve if elected. Each of the director nominees has consented to being named in this proxy statement and to serve if elected.

The Audit Committee has adopted a policy (the “Pre-Approval Policy”) that sets forth the procedures and conditions pursuant to which audit and non-audit services proposed to be performed by the independent auditor may be pre-approved/pre-concurred. The Pre-Approval Policy generally provides that we will not engage Ernst & Young LLP to render any audit, audit-related, tax or permissible non-audit service unless the service is either (i) explicitly approved/concurred by the Audit Committee (“specific pre-approval”) or (ii) entered into pursuant to the pre-approval/pre-concurrence policies and procedures described in the Pre-Approval Policy (“general pre-approval”). Unless a type of service to be provided by Ernst & Young LLP has received general pre-approval under the Pre-Approval Policy, it requires specific pre-approval by the Audit Committee or by a designated member of the Audit Committee to whom the committee has delegated the authority to grant pre-approvals. Any proposed services exceeding pre-approved cost levels or budgeted amounts will also require specific pre-approval. For both types of pre-approval, the Audit Committee will consider whether such services are consistent with the SEC's rules on auditor independence. The Audit Committee will also consider whether the independent auditor is best positioned to provide the most effective and efficient service, for reasons such as its familiarity with the Company's business, people, culture, accounting systems, risk profile and other factors, and whether the service might enhance the Company's ability to manage or control risk or improve audit quality. All such factors will be considered as a whole, and no one factor should necessarily be determinative. The Audit Committee periodically reviews and generally pre-approves any services (and related fee levels or budgeted amounts) that may be provided by Ernst & Young LLP without first obtaining specific pre-approvals from the Audit Committee or the Chair of the Audit Committee. The Audit Committee may revise the list of general pre-approved services from time to time, based on subsequent determinations.

In the event that the appointment of Ernst & Young LLP is not ratified by the stockholders, the Audit Committee will consider this fact when it appoints the independent auditors for the fiscal year ending December 31, 2026. Even if the appointment of Ernst & Young LLP is ratified, the Audit Committee retains the discretion to appoint a different independent auditor at any time if it determines that such a change is in the interest of the Company.

Our Board has adopted Corporate Governance Guidelines, a Code of Business Conduct and Ethics, and a charter for our Audit Committee to assist the Board in the exercise of its responsibilities and to serve as a framework for the effective governance of the Company. You can access our Audit Committee charter, our Corporate Governance Guidelines, and our Code of Business Conduct and Ethics on our website at www.gcmgrosvenor.com/corporate-governance, or by writing to our Secretary at our offices at 900 North Michigan Avenue, Suite 1100, Chicago, Illinois 60611.

Our Board currently consists of seven members: Michael J. Sacks, Angela Blanton, Francesca Cornelli, Jonathan R. Levin, David A. Helfand, Stephen Malkin and Samuel C. Scott III. As previously disclosed, Blythe Masters resigned from the Board, effective February 20, 2025. Subject to obtaining any required stockholder votes or consents under the Stockholders’ Agreement, our directors may be removed from office at any time, with or without cause and only by the affirmative vote of the holders of a majority of our outstanding common stock entitled to vote in the election of directors.

Pursuant to the Stockholders’ Agreement, GCM V has rights to designate seven directors for election to our Board and GCM V and the GCMH Equityholders will vote in favor of such designees at any annual or special meeting of stockholders in which directors are elected. Under the terms of the Stockholders’ Agreement, until the Sunset Date, all of our directors are designated by GCM V, of whom three must qualify as “independent directors” under the Nasdaq rules and one must qualify as an “audit committee financial expert” as defined under the rules of the SEC. Thereafter, such designations will be determined by our Board. Pursuant to the terms of the Stockholders’ Agreement, GCM V has the right to remove any of the directors designated by GCM V and will have the exclusive right to designate directors to fill vacancies created by reason of death, removal or resignation of any director designated by GCM V.

We are a “controlled company” under the Nasdaq rules. As a result, we qualify for exemptions from, and have elected not to comply with, certain corporate governance requirements under the rules, including the requirements that we have a compensation committee and a nominating committee that are composed entirely of independent directors. We do not maintain a compensation committee or a nominating committee. Even though we are a controlled company, we are required to comply with the rules of the SEC and the Nasdaq rules relating to the membership, qualifications and operations of our audit committee.

The Nasdaq rules define a “controlled company” as a company of which more than 50% of the voting power for the election of directors is held by an individual, a group or another company. As of April 9, 2025, the Key Holders control approximately 75% of the combined voting power of the Company’s common stock, and control a majority of the voting power of the Company so long as the outstanding Class C common stock represents at least 9.1% of the Company’s total outstanding common stock. Accordingly, we qualify as a “controlled company”. If we cease to be a controlled company and our Class A common stock continues to be listed on the Nasdaq Global Market, we will be required to comply with the Nasdaq requirements for non-controlled companies by the date our status as a controlled company changes or within specified transition periods applicable to certain provisions, as the case may be.

In making its independence determinations, the Board reviewed and discussed information provided by the directors with regard to each director’s business and personal activities and any relationships they have with us and our management. As a result of this review, our Board determined that Ms. Blanton, Dr. Cornelli, Mr. Helfand and Mr. Scott are “independent directors” as defined under the applicable Nasdaq rules, representing four of our seven directors. Additionally, Ms. Masters was determined to be an “independent director” during her service on the Board during 2024.

In addition, each of the member of the Audit Committee, Ms. Blanton, Dr. Cornelli, Mr. Helfand and Mr. Scott, meets the heightened independence standards required for audit committee members under the applicable Nasdaq rules and SEC rules. Additionally, Ms. Masters, was determined to meet the heightened independence standards required for audit committee members under the applicable Nasdaq rules and SEC rules during her service on the Audit Committee during 2024. There are no family relationships among any of our directors or executive officers.

As discussed above, we are a controlled company and do not have a nominating committee. Subject to the terms of the Stockholders’ Agreement, the Board is primarily responsible for searching for qualified director candidates for election to the Board and filling vacancies on the Board. The Board currently does not have a policy with regard to the consideration of any director candidates recommended by stockholders, other than pursuant to the Stockholders’ Agreement, but may implement such a policy in the future. The Board believes it is appropriate not to have such a policy in place at this time, in light of the Board designation rights provided to GCM V in the Stockholders’ Agreement.

In evaluating the suitability of individual candidates (both new candidates and current Board members), the Board, in approving (and, in the case of vacancies, appointing) candidates for election, will consider candidates who have a high level of personal and professional integrity, strong ethics and values and the ability to make mature business judgments. In evaluating director candidates, the Board may also consider any other factor that they may deem to be relevant, including but not limited to the candidate’s professional and academic experience and skills. In addition, the Board will consider whether there are potential conflicts of interest with the candidate’s other personal and professional pursuits. The Board is committed to actively seeking out highly qualified women and individuals from minority groups to include in the pool from which new Board candidates are chosen. Each individual will be evaluated in the context of the Board as a whole, with the objective of recommending a group that can best perpetuate the success of the Company’s business.

The Board will give appropriate attention to written communications that are submitted by stockholders, and will respond if and as appropriate. Our Secretary is primarily responsible for monitoring communications from stockholders and for providing copies or summaries to the directors as he considers appropriate.

Communications are forwarded to all directors if they relate to important substantive matters and include suggestions or comments that our Secretary and Chairman of the Board consider to be important for the directors to know. In general, communications relating to corporate governance and long-term corporate strategy are more likely to be forwarded than communications relating to ordinary business affairs, personal grievances and matters as to which we tend to receive repetitive or duplicative communications. Stockholders who wish to send communications on any topic to the Board should address such communications to the Board in writing: c/o Secretary, GCM Grosvenor Inc., 900 North Michigan Avenue, Suite 1100, Chicago, Illinois 60611.

Our Bylaws and Corporate Governance Guidelines provide our Board with flexibility to combine or separate the positions of Chairman of the Board and Chief Executive Officer in accordance with its determination that utilizing one or the other structure would be in the best interests of our Company. Currently, the roles are combined, with Mr. Sacks serving as Chairman of the Board and Chief Executive Officer. Our Board has determined that combining the roles of Chairman of the Board and Chief Executive Officer is in the best interests of our Company and its stockholders at this time because it promotes unified leadership by Mr. Sacks and allows for a single, clear focus for management to execute the Company's strategy and business plans.

Our Corporate Governance Guidelines provide that whenever the Chair of the Board is also a member of management or is a director that does not otherwise qualify as an independent director, the independent directors may elect a lead director whose responsibilities include, but are not limited to, presiding over all meetings of the Board at which the Chair of the Board is not present, including any executive sessions of the independent directors; approving Board meeting schedules and agendas; and acting as the liaison between the independent directors and the Chair of the Board, as appropriate. Currently, Mr. Scott serves as our Lead Independent Director. Due to the strong leadership of Mr. Sacks, coupled with the independent oversight provided by our Lead Independent Director and our independent Audit Committee, our Board has concluded that our current leadership structure is appropriate at this time. However, our Board will continue to periodically review our leadership structure and may make such changes in the future as it deems appropriate.

Risk assessment and oversight are an integral part of our governance and management processes. Our Board encourages management to promote a culture that incorporates risk management into our corporate strategy and day-to-day business operations. Management discusses strategic and operational risks at regular management meetings and conducts specific strategic planning and review sessions during the year that include a focused discussion and analysis of the risks facing us. Throughout the year, senior management intends to review these risks with the Board at regular Board meetings as part of management presentations that focus on particular business functions, operations or strategies, and presents the steps taken by management to mitigate or eliminate such risks. Our Board does not have a standing risk management committee, but rather administers this oversight function directly through the Board as a whole, as well as through its Audit Committee, which oversees risks inherent in its area of oversight. In particular, our Board is responsible for monitoring and assessing strategic risk exposure, including our credit, liquidity and operations, and our Audit Committee is responsible for overseeing our financial, cybersecurity and information security risk exposures and the steps our management has taken to monitor and control these exposures. The Audit Committee also monitors compliance with legal and regulatory requirements and considers and approves or disapproves any related person transactions. While the Audit Committee is responsible for evaluating certain risks and overseeing the management of such risks, the entire Board has an active role in overseeing management of the Company’s risks and is regularly informed through Committee reports about such risks. The Board does not believe that its role in the oversight of our risks affects the Board’s leadership structure.

We have a written Code of Business Conduct and Ethics that applies to our directors, officers and employees, including our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. A copy of the Code of Business Conduct and Ethics is posted on our website, www.gcmgrosvenor.com/governance. In addition, we intend to post on our website all disclosures that are required by law or the rules of Nasdaq concerning any amendments to, or waivers from, any provision of the Code of Business Conduct and Ethics.

Our Board has adopted an Insider Trading Compliance Policy and Procedures governing the purchase, sale and/or other dispositions of our securities by our directors, officers and employees. We believe that our Insider Trading Compliance Policy and Procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations, and any listing standards applicable to us. It is also our policy to comply with applicable insider trading laws and regulations with respect to transactions in our own securities. A copy of the Insider Trading Compliance Policy and Procedures is filed as Exhibit 19.1 to our Annual Report on Form 10-K for the year ended December 31, 2024.

The Insider Trading Compliance Policy also prohibit our directors, officers and employees and any entities they control from purchasing financial instruments such as prepaid variable forward contracts, equity swaps, collars, and exchange funds, or otherwise engaging in transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of the Company’s equity securities, or that may cause an officer, director, or employee to no longer have the same objectives as the Company’s other stockholders.

At our firm, we believe culture is one of our most important and defensible assets. Our clients hire us to be their essential long-term partners, so their comfort with the firm and team is a critical component of their diligence on our organization. That investment in culture is reflected in the stability and inclusivity of our team as well as the fact that we do not operate on a star system and therefore are not beholden to any one individual. We aim to invest responsibly, operate our business with integrity, and build an inclusive workplace where our employees can thrive. We have been a registered investment adviser since 1997 with a culture of compliance rooted in what we believe is a proper tone at the top.

In addition to a competitive compensation structure, we promote a work environment that we believe is interesting and challenging, providing our employees the opportunity to grow professionally. We also seek to foster strong alignment between our employees and clients. As of December 31, 2024, our current employees, former employees and the firm had approximately $683 million of their own capital (including through leveraged vehicles) invested into our various investment programs, which we believe aligns our interests with those of our clients.

There were five meetings of the Board and four meetings of the Audit Committee during the fiscal year ended December 31, 2024. During the fiscal year ended December 31, 2024, each director attended at least 75% of the aggregate of (i) all meetings of the Board and (ii) with respect to the members of the Audit Committee, all meetings of the Audit Committee.

Under our Corporate Governance Guidelines, which is available on our website at https://www.gcmgrosvenor.com/ governance/, a director is expected to spend the time and effort necessary to properly discharge his or her responsibilities. Accordingly, a director is expected to regularly prepare for and attend meetings of the Board and any committee on which the director sits (including separate meetings of the independent directors), with the understanding that, on occasion, a director may be unable to attend a meeting. A director who is unable to attend a meeting of the Board or a committee of the Board is expected to notify the Chair of the Board or the Chair of the appropriate committee in advance of such meeting, and, whenever possible, participate in such meeting via teleconference in the case of an in-person meeting. We do not maintain a formal policy regarding director attendance at the Annual Meeting; however, it is expected that absent compelling circumstances directors will attend. Mr. Sacks, Mr. Levin, Ms. Blanton, Dr. Cornelli, Mr. Malkin and Mr. Scott attended the 2024 Annual Meeting of Stockholders.

Our Board has established a standing Audit Committee, which operates under a written charter that has been approved by our Board.

As a controlled company, we do not have a compensation committee of the Board, or a committee performing equivalent functions. Our Board is primarily responsible for establishing and administering our policies governing the compensation of our executive officers and directors. Our Board is also primarily responsible for determining the compensation of our Chief Executive Officer and for making equity grants to our Chief Executive Officer and other executive officers. The Board has delegated authority to Michael J. Sacks to make certain determinations regarding cash compensation paid to our executive officers, other than with respect to his own cash compensation. Michael J. Sacks, our Chief Executive Officer, and Jonathan R. Levin, our President, participated in our Board’s deliberations regarding executive officer and director compensation during the year ended December 31, 2024.

Our Audit Committee’s responsibilities include:

The Audit Committee charter is available on our website at https://www.gcmgrosvenor.com/ governance/. The members of the Audit Committee are Ms. Blanton, Dr. Cornelli, Mr. Helfand and Mr. Scott. Mr. Helfand serves as the Chairperson of the committee. Our Board has affirmatively determined that each of Ms. Blanton, Dr. Cornelli, Mr. Helfand and Mr. Scott is independent for purposes of serving on an audit committee under Rule 10A-3 promulgated under the Exchange Act and the Nasdaq rules, including those related to Audit Committee membership.

The members of our Audit Committee meet the requirements for financial literacy under the applicable Nasdaq rules. In addition, our Board has determined that each of Ms. Blanton, Dr. Cornelli and Mr. Helfand qualifies as an “audit committee financial expert,” as such term is defined in Item 407(d)(5) of Regulation S-K, and under the similar Nasdaq rules requirement that the Audit Committee have a financially sophisticated member.

The Audit Committee met four times in 2024.

We did not utilize formal benchmarking nor did we retain a compensation consultant to provide feedback on our compensation program design during fiscal 2024.

In 2024, we held a “say-on-pay” vote on the Company’s executive compensation program as set forth at the 2024 annual meeting of stockholders and 91% of the votes cast by stockholders voted “for” the proposal. Given that a substantial majority of stockholders approved the executive compensation program, we continued to apply substantially similar principles in determining the amounts and types of executive compensation and did not implement significant changes as a result of the stockholder advisory vote. Our next say-on-pay vote will be held in fiscal year 2027.

In order to attract, retain, motivate and reward our NEOs, we take a holistic approach to compensation with a focus on total rewards, which consists of the components described below.

Each of our NEOs is entitled to receive a base salary in an amount set forth in their respective employment agreements, the terms of which are summarized below. The base salaries compensate our NEOs for services rendered to our firm. The base salary payable to each named executive officer is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role and responsibilities. The actual base salaries paid to each named executive officer for fiscal 2024 are set forth below in the Summary Compensation Table in the column titled “Salary”.

Each of our NEOs other than Mr. Sacks received discretionary annual performance bonuses with respect to services in fiscal 2024. Under their employment agreements, Messrs. Levin and Pollock and Mses. Bentley and Buchanan are entitled to receive annual bonuses, each of which is determined in the sole discretion of the firm. Under his employment agreement, Mr. Pollock’s total cash receipts for bonus periods in respect of calendar years 2023, 2024, and 2025 must meet certain minimum amounts. The size of our annual bonus pool for bonus-eligible employees is determined by our operating results. Annual bonuses are intended to reward our NEOs, other than Mr. Sacks, for strong financial performance and helping us achieve our annual goals. Factors that were considered in determining the size of the bonus paid to each NEO include (i) performance and contributions of the NEO to the overall success of our business, (ii) contributions and accomplishments in leading and managing the Company and its teams, (iii) contributions to support growth of our shareholder value and (iv) relative performance compared to prior year performance and to our other executive-level employees.

Please see the section titled “Bonuses” below the Summary Compensation Table for more information.

We currently maintain the Amended and Restated Incentive Award Plan in order to facilitate the grant of cash and equity incentives to directors, employees (including our NEOs), and consultants of our company and certain of its affiliates and to enable our company and certain of its affiliates to obtain and retain services of these individuals, which is essential to our long-term success. Each of our NEOs is entitled to receive equity compensation pursuant to the Amended and Restated Incentive Award Plan, which must be approved by our Board. In fiscal 2024 we determined the amount of equity awards awarded to our NEOs based on a holistic review of their respective total compensation packages and based on firm and individual performance in connection with annual performance reviews conducted with senior management, as well as pursuant to contractual entitlements described in the section titled “Employment Agreements” below. Notwithstanding that Mr. Sacks is eligible to receive awards under the Amended and Restated Incentive Award Plan, we did not issue such awards to Mr. Sacks in fiscal 2024.

We have utilized awards of RSUs that vest over a three-year period and, commencing in fiscal year 2025, over a four-year period, subject to continued service through the applicable vesting date, as our primary form of long-term equity compensation. We believe that the three-year and four-year vesting periods promote employee

retention and encourage our employees to focus on our long-term strategic objectives and appreciation in shareholder value. In addition, we have utilized awards that vest over a period of less than three years to promote greater equity ownership as a percentage of total rewards, which we believe aligns our employees’ interests with those of our shareholders.

Under his employment agreement, Mr. Pollock is entitled to be granted 150,000 RSUs in calendar years 2023, 2024, and 2025 which vest over a three-year period following the respective dates of grant, subject to Mr. Pollock’s continued service through the applicable vesting date, and subject to Board approval (as described in the section titled “Employment Agreements – Frederick E. Pollock” below). During fiscal 2024, our Board approved grants of RSU awards to each of Messrs. Levin and Pollock and Mses. Bentley and Buchanan pursuant to the Amended and Restated Incentive Award Plan. The RSU awards vest over a three-year period, subject to the NEOs’ continued service with the Company through the applicable vesting date. In addition, each of Messrs. Levin and Pollock received a grant of RSUs on March 1, 2024 that vested subject to continued service through August 15, 2024 and each of Mses. Bentley and Buchanan received a grant of RSUs on January 15, 2024 that vested subjected to continued service through April 15, 2024 and a grant of RSUs on October 1, 2024 that vested subject to continued service through March 1, 2025.

Please see the sections titled “Equity Compensation” below the Summary Compensation Table and “Grants of Plan-Based Awards” for more information.

Senior employees including Messrs. Sacks, Levin and Pollock, and Mses. Bentley and Buchanan are eligible to participate in our carried interest arrangements. Distributions of carried interest under these arrangements reflect receipt of a portion of the incentive compensation earned by our funds based on fund performance. Amounts received from our carried interest arrangements are dependent upon the success of our fund investments and therefore, incentivize behavior that is aligned with successful fund performance, our investors and our shareholders. These awards, including those made to our NEOs, are determined in conjunction with bonus and total rewards determinations based on firm and individual performance in connection with annual performance reviews conducted with senior management. They generally vest based on the continued performance of services over a multi-year period and may be subject to reduction or forfeiture under certain circumstances. The service-based vesting criteria promote employee retention during the applicable vesting period.

Please see the section titled “Carried Interest” below the Summary Compensation Table for more information.

Holdings. Messrs. Sacks, Levin and Pollock, and Ms. Buchanan (or their estate planning vehicles) hold membership interests in Holdings, an entity controlled by Mr. Sacks. The membership interests held by Mr. Sacks entitle him to distributions by Holdings to its members and proceeds from capital transactions. The membership interests held by Messrs. Levin and Pollock entitle them to a stated percentage, or minimum allocable share, of distributions from Holdings, as well as a profits interest with respect to net sale proceeds from dispositions of Holdings properties after certain threshold distributions to other members. The membership interests held by Ms. Buchanan entitle her to distributions in amounts determined by the managing member of Holdings in its sole discretion. In determining the amount of any discretionary distributions to Ms. Buchanan, the managing member of Holdings considers Ms. Buchanan’s performance and contributions to the overall success of our business and Holdings’ financial performance during the applicable fiscal year.

Management LLC. Mses. Bentley and Buchanan hold membership interests in Management LLC, an entity controlled by Mr. Sacks, which entitle them to a portion of all profits distributed by Management LLC to its members, but not to proceeds from any capital transaction. The portion of profits distributed is determined by the managing member of Management LLC in its sole discretion. In determining the amount of any discretionary distributions to Mses. Bentley and Buchanan, the managing member of Management LLC considers each of Mses. Bentley and Buchanan’s respective performance and contributions to the overall success of our business and Management LLC’s financial performance during the applicable fiscal year.

Please see the section titled “Profit-Sharing Partnerships” below the Summary Compensation Table for more information.

Employee Benefits. All of our employees including our NEOs, have the opportunity to participate in an employee benefit package that we consider to be favorably competitive among alternative investment firms, including

401(k) Retirement Plan. We maintain a 401(k) retirement savings plan (the “401(k) Plan”) for our employees and each of our NEOs is eligible to participate in our 401(k) Plan. The 401(k) Plan facilitates retirement planning in a tax efficient manner by allowing eligible employees to defer a portion of their compensation, within prescribed limits, on a pre-tax basis through contributions. Currently, we match contributions made by participants in the 401(k) Plan up to a specified percentage of the employee contributions, and upon completion of two years of service, these matching contributions are fully vested as of the date on which the contribution is made. For employees with less than two years of service, the matching contributions are 50% vested after one year of service and fully vested after two years of service. We believe that providing a vehicle for tax-deferred retirement savings though our 401(k) plan, and making fully vested matching contributions, adds to the overall desirability of our executive compensation package and further incentivizes our employees, including our NEOs, in accordance with our compensation policies.

Non-Commercial Air Travel. Pursuant to their employment agreements with the Company, each of Messrs. Sacks, Levin and Pollock may use non-commercial air travel services for personal purposes up to an annual cap on the aggregate total cost to the Company in any one calendar year as set forth in their respective employment agreements. The dollar amount of such personal use is calculated in accordance with company policies and procedures. We believe providing Messrs. Sacks, Levin and Pollock such benefit is appropriate to assist them in the performance of their duties.

Housing Allowance. Mses. Bentley and Buchanan are eligible to receive a housing allowance for temporary housing in Chicago. We believe providing Mses. Bentley and Buchanan such benefit is appropriate to assist them in the performance of their duties and makes them more efficient by reducing required travel time.

Please see the section titled “Perquisites and Other Personal Benefits” below the Summary Compensation Table for more information.

Prohibition on Hedging and Pledging. Our NEOs, members of their immediate families and households and their controlled entities are prohibited from engaging in transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of GCM Grosvenor securities and from pledging GCM Grosvenor securities as collateral for a loan.

Under their employment agreements, Mr. Levin and Mses. Bentley and Buchanan are entitled to receive annual bonuses, each of which is determined in the sole discretion of GCMLP. On May 9, 2023, Mr. Pollock entered into the Second Amended and Restated Employment and Protective Covenants Agreement with GCMLP, under which Mr. Pollock is entitled to total cash compensation (comprised of his base salary, any annual cash bonus, and distributions from Holdings) in respect of calendar years 2023, 2024, and 2025 in aggregate amounts of $4,500,000, $5,000,000, and $6,000,000, respectively. To the extent the annual cash bonus is paid in the following calendar year but relates to performance in respect of the prior year, such bonus is included in the prior year’s calculation of total cash compensation. Mr. Pollock is eligible for a cash bonus in respect of calendar year 2023, 2024 and 2025, in an amount to be determined in the sole discretion of GCMLP, provided that such each annual bonus is expected to be at least $1,000,000. It is expected that a significant portion of the total cash compensation to which Mr. Pollock is entitled will be derived from distributions from Holdings, pursuant to his minimum stated percentage of distributions from that entity. Effective March 1, 2024, Mr. Pollock and GCMLP acknowledged and agreed that an award of 103,030 RSUs granted to Mr. Pollock on March 1, 2024 that vested on August 15, 2024 would reduce the total cash compensation for the bonus period in respect of calendar year 2023 by an amount equal to $850,000. The actual annual cash bonuses awarded to each NEO for 2024, 2023 and 2022 performance are set forth above in the Summary Compensation Table in the column entitled “Bonus”.

In January 2024, the Company granted Mses. Bentley and Buchanan 10,623 RSUs and 9,352 RSUs, respectively. In March 2024, the Company granted Messrs. Levin and Pollock and Mses. Bentley and Buchanan 227,272 RSUs, 253,030 RSUs, 48,485 RSUs and 38,788 RSUs, respectively. In October 2024, the Company granted Mses. Bentley and Buchanan 37,792 RSUs and 33,396 RSUs, respectively. For more information, see the “Grants of Plan-Based Awards” table above.

Messrs. Levin and Pollock have the right to receive a bonus if GCMLP receives performance fees from GCM Grosvenor Opportunistic Credit Fund IV, Ltd., GCM Grosvenor Opportunistic Credit Master Fund IV, Ltd., and GCM Principal SPV, Ltd. - Class B. Mr. Levin has a right to receive a bonus if GCMLP receives performance fees from GCM Grosvenor Opportunistic Credit Fund III, Ltd., GCM Grosvenor Opportunistic Credit Master Fund III, Ltd., Grosvenor Opportunistic Credit Fund III (TI), L.P., and Grosvenor Opportunistic Credit Master Fund III (TI), L.P. Bonus amounts are calculated as the product of a stated award percentage (as set forth in individual award letters) and the incentive fees earned by GCMLP from the funds set forth above. Our executives must be employed on the date the cash bonus is paid in order to receive a bonus under these arrangements. None of our executives received any bonuses with respect to these arrangements in 2024.

GCMLP, GCM Grosvenor L.P. and their affiliates sponsor a deferred compensation plan under which employees, including the NEOs, may be selected to receive a bonus (or to have a portion of their annual bonus deferred) under the provisions of the plan. Under the plan, unless an employee’s individual award agreement provides otherwise, bonuses will vest 20% per year over five years (or in full upon death or disability or determination by the plan administrator in its discretion) and will be credited with gains and losses commensurate with (i) the cumulative return on investments made by GCMH in select investment strategies managed by GCMLP, GCM Grosvenor L.P. and their affiliates, excluding carried interest arrangements, (ii) such other investment fund, benchmark or index reasonably determined from time to time by the company or (iii) as otherwise described in an award agreement. Awards are paid out in ten installments for the 2019 series, in accordance with the following schedule: (i) 5% on the first May 31 following the anniversary of the bonus vesting commencement date, (ii) 5% on each of the next three anniversaries thereof, (iii) 10% on the next two anniversaries thereof, and (iv) 15% on the next four anniversaries thereof. Awards are paid out in seven installments for the 2020 series, in accordance with the following schedule: (i) 10% on the May 31 following the anniversary of the bonus vesting commencement date, (ii) 10% on each of the next three anniversaries thereof, and (iii) 20% on the next three anniversaries thereof. These percentages are applied to the entire award, including all earnings with which it is then credited, and not just to the vested portion of the award.

The aggregate incremental cost to the Company of use of non-commercial air travel services for personal use by our NEOs in 2024 was $1,454,141, which is our actual cost based on a charter rate allocated to each individual, and the specific amounts received by each of Messrs. Sacks, Levin and Pollock is set forth in the “All Other Compensation” column of the Summary Compensation table, above, and the accompanying footnotes. Please see the section titled “Certain Relationships and Related Person Transactions - Firm Use of Private Aircraft” for more information.

The aggregate incremental cost to the Company of housing allowances received by our NEOs in 2024 was $304,726, which is our actual cost based on rent expense, and the specific amounts received by each of Mses. Bentley and Buchanan is set forth in the “All Other Compensation” column of the Summary Compensation table, above, and the accompanying footnotes.

Messrs. Sacks, Levin and Pollock, and Mses. Bentley and Buchanan participate in our carried interest arrangements and are entitled to specified percentages (the “carried interest sharing percentages”) of distributions of carried interest from the tranche(s) set forth in such officer’s carried interest award agreements. These awards may be subject to reduction or forfeiture under certain circumstances, as described below under “Termination Payments and Benefits”. Certain carried interest arrangements may be subject to minimum distribution percentages and target amounts. Under his employment agreement, Mr. Pollock is entitled to receive 10% of the total carried interest associated with programs managed by the Company’s Strategic Investments Group and 5% of the carried interest associated with the Company’s private markets investment strategies, and not less than 5% of any carried interest or incentive economics associated with newly created specialized funds that pursue absolute return strategies, provided such interests are otherwise awarded to other members of senior management of the Company. Messrs. Sacks, Levin

and Pollock, and Mses. Bentley and Buchanan received cash distributions in respect of their carried interest awards for fiscal year 2024, the amounts of which are set forth in the “All Other Compensation” column of the Summary Compensation table, above, and the accompanying footnote.

Messrs. Sacks, Levin and Pollock, and Ms. Buchanan (or their estate planning vehicles) hold membership interests in Holdings, an entity controlled by Mr. Sacks. The membership interests held by Mr. Sacks entitle him to distributions by Holdings to its members and proceeds from capital transactions, and the membership interests held by Ms. Buchanan entitle her to distributions in amounts determined by the managing member of Holdings in its sole discretion.

Prior to May 9, 2023, the membership interests in Holdings held by Messrs. Levin and Pollock (the “Original Holdings Award Interests”) entitled them each to a fixed portion of profits distributed by Holdings to its members and to additional discretionary distributions in amounts determined by the managing member of Holdings. In addition, in connection with a termination of employment pursuant to their respective employment agreements, Messrs. Levin and Pollock were entitled to a predetermined fixed portion of profits as outlined in their membership interest participation certificates until such post-termination distributions aggregated to a “target amount” set forth their respective participation certificates. Once the target amount had been reached, their respective rights to share in any future distributions ceased.

On May 9, 2023, the terms of Messrs. Levin’s and Pollock’s membership interests in Holdings were amended (the “Amended Holdings Award Interests”). The Amended Holdings Award Interests entitle the holders to a stated percentage, or minimum allocable share, of distributions from Holdings, as well as a profits interest with respect to net sale proceeds from dispositions of Holdings properties after certain threshold distributions to other members. The amendments to the Original Holdings Award Interests resulted in a change to the accounting treatment of these awards as they now have characteristics that are more akin to the risks and rewards of equity ownership in Holdings. In particular, the Original Holdings Awards Interests were previously recognized under ASC 710, Compensation—Profits Interest, and pursuant to ASC 505. The modifications caused the Amended Holdings Award Interests to be recognized as compensation expense with a corresponding deemed contribution and are now accounted for under ASC 718, Compensation—Stock Compensation. As a result, partnership interest-based compensation expenses taken prior to 2023 associated with the right to received stated “target amounts” as provided in the Original Holdings Award Interests were reversed to reflect that that the stated “target amounts” were removed by the amendment, while partnership interest-based compensation expense associated with the Amended Holdings Award Interests was recorded. The effect of the reversal and recognition of these expenses was to avoid duplicate financial accounting expenses with respect to the same item of compensation. Mr. Levin’s and a portion of Mr. Pollock’s Amended Holdings Award Interests were fully vested on the date of the amendment and resulted in immediate expense recognition for financial accounting purposes. A portion of Mr. Pollock’s Amended Holdings Award Interests vested and was expensed over the requisite service period through December 31, 2024.

For Ms. Buchanan, the discretionary portion of the profits for 2024 is set forth in the “All Other Compensation” column of the Summary Compensation Table above.

For so long as the officers are members of Holdings, and for certain periods after their withdrawal as members, they are subject to restrictive covenants prohibiting disclosure of our confidential information, disparaging our business, and, for two years after withdrawal, from competing with our business or soliciting our clients or employees, subject to exceptions for actions taken in the performance of their duties to us or in connection with the investment or management of the officer’s or his or her family’s assets (or assets belonging to other members and their affiliates and certain charitable, non-profit and government organizations).

Meses. Bentley and Buchanan hold membership interests in Management LLC, an entity controlled by Mr. Sacks, which entitle them to a portion of all profits distributed by Management LLC to its members, but not to proceeds from any capital transaction.

For so long as Mses. Bentley and Buchanan are members of Management LLC, and for certain periods after their withdrawal as a member, they are subject to restrictive covenants prohibiting disclosure of our confidential

information, disparaging our business, and, for two years after withdrawal, from competing with our business or soliciting our clients or employees, subject to exceptions for actions taken in the performance of their duties to us or in connection with the investment or management of their or their family’s assets (or assets belonging to other members and their affiliates).

The distributions received by Mses. Bentley and Buchanan in 2024 are set forth in the All Other Compensation column of the Summary Compensation Table above.

In December 2022, Management LLC awarded both Mses. Bentley and Buchanan 300,000 interests in Management LLC that represent the right to receive shares of the Company’s common stock owned by Management LLC, subject to continued employment through May 1, 2025, except in the case of termination of employment due to death or disability, in which case the Management Award Interests remains outstanding, to be settled within 90 days following May 1, 2025 (the “Management Award Interests”). Each of Mses. Bentley and Buchanan elected to defer delivery of their Management Award Interests until May 1, 2030.

Michael J. Sacks. On October 26, 2007, GCMLP entered into an employment agreement with Mr. Sacks that was subsequently amended on October 5, 2017 and on August 2, 2020. For purposes of the description of Mr. Sacks’ employment terms on any specified date, we refer to his employment agreement, as amended through such date, as Mr. Sacks’ employment agreement. Mr. Sacks’ employment agreement provides that Mr. Sacks shall serve as Chairman and Chief Executive Officer. The term of Mr. Sacks’ employment under his employment agreement will terminate upon the earliest to occur of the following events: Mr. Sacks’ death or disability (as defined in the employment agreement), termination by GCMLP for cause or without cause following the “sunset date” (each as defined in the employment agreement), or Mr. Sacks’ resignation. Mr. Sacks’ employment agreement provides for an annual base salary of $3,700,000 (applicable beginning January 1, 2020), multiplied by an escalation percentage, which is the product of 100% and a fraction, the numerator of which is the Consumer Price Index - All Urban Consumers and the denominator is such Consumer Price Index on the first day of calendar year 2020. The actual amount of Mr. Sacks’ annual base salary in 2024 was $4,417,800. Mr. Sacks’ employment agreement further provides that Mr. Sacks is eligible to participate in all employee benefit programs, on at least as favorable a basis as any other member of senior management. Mr. Sacks’ employment agreement provides for the utilization of non- commercial air travel services, for personal travel up to an aggregate maximum of $1,500,000 in any one calendar year, multiplied by the escalation percentage described above.

Jonathan R. Levin. On May 9, 2011, GCMLP entered into an employment agreement with Mr. Levin, which was subsequently amended on July 29, 2020. For purposes of the description of Mr. Levin’s employment terms on any specified date, we refer to his employment agreement, as amended through such date, as Mr. Levin’s employment agreement. The initial term of Mr. Levin’s employment agreement was two years but, after such expiration, the agreement automatically remains in place until the earliest to occur of the following events: Mr. Levin’s death or disability (as defined in the employment agreement), termination by GCMLP for cause (as defined in the employment agreement), or with 90 days’ written notice by either party.

Mr. Levin’s employment agreement provided for an initial base salary of $500,000. The actual amount of Mr. Levin’s annual base salary in 2024 was $500,000. Pursuant to the employment agreement, Mr. Levin is eligible to receive a discretionary cash bonus; the amount of Mr. Levin’s discretionary bonus earned was $992,000 in 2024. Mr. Levin’s employment agreement further provides that he is eligible to participate in all employee benefit programs maintained by GCMLP and to basic medical insurance or coverage. Mr. Levin’s employment agreement provides for the utilization of non-commercial air travel services, for personal travel up to an aggregate maximum of $300,000 in any one calendar year, multiplied by the escalation percentage described above.

Frederick E. Pollock. On May 9, 2023, GCMLP entered into a second amended and restated employment agreement with Mr. Pollock. Mr. Pollock’s employment agreement provides that Mr. Pollock shall serve as Managing Director and sole Chief Investment Officer. The agreement automatically remains in place until the earliest to occur of the following events: Mr. Pollock’s death or the date on which Mr. Pollock becomes disabled (as defined in the employment agreement), termination by GCMLP for cause (as defined in the employment agreement), with 90 days’ written notice by either party, or with six months’ written notice by Mr. Pollock pursuant to a six-month notice resignation that would entitle Mr. Pollock to all carried interest awarded to Mr. Pollock on or prior to March 31, 2022 that is not fully vested as of the employment termination date to be deemed 80% vested as of such date.

Mr. Pollock’s employment agreement provides for a base salary of not less than $500,000. The actual amount of Mr. Pollock’s annual base salary in 2024 was $500,000. Pursuant to the employment agreement, Mr. Pollock is entitled to total cash, comprised of his base salary, any annual cash bonus, and distributions from Holdings, for bonus periods in respect of calendar years 2023, 2024, and 2025 in aggregate amounts equal to $4,500,000, $5,000,000, and $6,000,000, respectively, subject to Mr. Pollock’s continued employment through the last day of the bonus period. It is expected that a significant portion of the total cash to which Mr. Pollock is entitled will be derived from distributions from Holdings pursuant to his minimum stated percentage of distributions from that entity. For each bonus period commencing on the period ending on the last day of the bonus period in respect of 2024, Mr. Pollock is eligible for a cash bonus in an amount to be determined in the sole discretion of GCMLP provided that his annual cash bonus for each bonus period in respect of calendar years 2023, 2024, and 2025 is expected to be at least $1,000,000 for each such bonus period. Mr. Pollock’s employment agreement further provides that he is eligible to participate in all employee benefit programs maintained by GCMLP on at least as favorable basis as any other member of senior management.

Under his employment agreement, Mr. Pollock is entitled to be granted 150,000 RSUs in each bonus period in respect of calendar years 2023, 2024, and 2025, which represent the right to receive shares of the Company’s Class A common stock, or cash at the option of GCMG. Each grant of RSUs vest in three equal installments, on the first, second and third anniversary of the date of grant, subject to continued service through each vesting date.

Mr. Pollock’s employment agreement also provides that Mr. Pollock is entitled to receive 10% of the total carried interest associated with programs managed by the Company’s Strategic Investments Group and will also receive 5% of the carried interest associated with the Company’s private markets investment strategies, and not less than 5% of any carried interest or incentive economics associated with newly created specialized funds that pursue absolute return strategies, provided such interests are otherwise awarded to other members of senior management of the Company. For 2024 the amounts Mr. Pollock received are included in the Summary Compensation Table, above.

Pamela Bentley. On December 31, 2020, GCMLP entered into an amended and restated employment agreement with Ms. Bentley, effective as of January 1, 2021. Ms. Bentley’s employment agreement provides that Ms. Bentley shall serve as the Chief Financial Officer of GCMLP for an initial term through October 1, 2022. After such initial term expired, the agreement automatically remains in place until the earliest to occur of the following events: Ms. Bentley’s death or disability (as defined in the employment agreement), termination by GCMLP for cause (as defined in the employment agreement), or with 90 days’ written notice by either party.

Ms. Bentley’s employment agreement provided for an initial base salary of $500,000. The actual amount of Ms. Bentley’s annual base salary in 2024 was $500,000. Pursuant to the employment agreement, Ms. Bentley is eligible to receive a discretionary cash bonus, and for 2024, the amount of Ms. Bentley’s discretionary bonus earned was $368,000. Ms. Bentley’s employment agreement further provides that she is entitled to basic medical insurance or other medical coverage.

Sandra Buchanan. On May 29, 2018, GCMLP entered into an employment agreement with Ms. Buchanan, which was subsequently amended on October 1, 2020. Ms. Buchanan’s employment agreement provides that Ms. Buchanan shall serve as Managing Director, Chief Human Resources Officer. The initial term of Ms. Buchanan’s employment agreement was two years, but, after such initial term expired, the agreement automatically remains in place until the earliest to occur of the following events: Ms. Buchanan’s death or disability (as defined in the employment agreement), termination by GCMLP for cause (as defined in the employment agreement), resignation by Ms. Buchanan for good reason, or with 90 days’ written notice by either party. “good reason” for the purposes of Ms. Buchanan’s employment agreement means: (i) a negative change in executive’s title; (ii) a material diminution of executive’s duties, responsibilities or reporting line; (iii) the relocation of executive’s principal place of employment outside of Chicago, Illinois; and (iv) any material breach by Grosvenor Capital Management L.P. of any material provision of the employment agreement.

Ms. Buchanan’s employment agreement provided for an initial base salary of $500,000. The actual amount of Ms. Buchanan’s annual base salary in 2024 was $500,000. Pursuant to the employment agreement, Ms. Hurse is eligible to receive a discretionary cash bonus, and for 2024, the amount of Ms. Buchanan’s discretionary bonus earned was $302,400. Ms. Buchanan’s employment agreement further provides that she is eligible to participate in all employee benefit programs maintained by GCMLP and to basic medical insurance or coverage.

In connection with the execution of Ms. Buchanan’s employment agreement, Ms. Buchanan was admitted as a member of Management LLC.

The following table reflects RSUs held by our NEOs that vested during fiscal 2024. None of our NEOs have any outstanding stock option awards.

None of our NEOs is entitled to payments or other benefits in connection with a change in control.

Mr. Sacks. Upon Mr. Sacks’ resignation from GCMLP or his termination without cause following the “sunset date” (as defined in his employment agreement), Mr. Sacks will receive a separation payment in the amount of 25% of his compensation at the time of such termination for the one-year period commencing on the fifteenth day of the first month following such termination. Mr. Sacks will be available to cooperate with GCMLP from to time. Mr. Sacks will also be entitled to an additional $1,500/hour rate if he works more than forty hours per month during the one year period. Upon Mr. Sacks’ termination of employment by reason of his death or disability, Mr. Sacks (or his estate, as applicable), will be entitled to 12 months’ continuation of his annual base salary at the time of such termination, payable in accordance with GCMLP’s normal payroll practices. Mr. Sacks’ employment agreement includes confidentiality and assignment of intellectual property provisions, as well as two year post-termination non-competition, noninterference and non-solicitation of employees provisions, subject to exceptions set forth in the agreement.

Mr. Levin. Upon Mr. Levin’s termination from GCMLP other than (i) for cause or (ii) due to his death or disability, Mr. Levin will receive a separation payment in the amount of $375,000 for the one-year period following such termination. Mr. Levin will be available to cooperate with GCMLP from time to time. Mr. Levin will also be entitled to an additional $200/hour rate if he works more than forty hours during a particular month. Mr. Levin’s employment agreement includes certain restrictive covenants, including confidentiality, perpetual non-disparagement in favor of GCMLP and assignment of intellectual property provisions, as well as a one year post-termination non-competition and a two year post-termination noninterference and non-solicitation of employees, clients and marketing agents provisions, subject to exceptions set forth in the agreement. If Mr. Levin materially violates any of these restrictive covenants, GCMLP may cease paying any unpaid installments of the separation payment.

Mr. Pollock. Upon Mr. Pollock’s termination from GCMLP other than (i) for cause or (ii) due to his death or disability, Mr. Pollock will receive separation payments in the amount of $250,000 per year for the two-year period following such termination. In addition, if Mr. Pollock provides a six-month notice resignation, then all carried interest awarded to Mr. Pollock on or prior to March 31, 2022 that is not fully vested as of the termination date shall be deemed 80% vested as of such date. Mr. Pollock’s employment agreement includes certain restrictive covenants, including confidentiality, perpetual non-disparagement in favor of GCMLP and assignment of intellectual property provisions, as well as two-year post-termination non-competition, noninterference and non-solicitation of employees, clients and marketing agents provisions, subject to exceptions set forth in the agreement. If Mr. Pollock materially violates any of these restrictive covenants GCMLP may cease paying any unpaid installments of the separation payment. Mr. Pollock’s entitlement to receive the separation payment is conditioned upon his execution and non-revocation of a separation agreement that includes a general release of claims in the form then in use by GCMLP.

Ms. Bentley. Upon Ms. Bentley’s termination from GCMLP other than (i) for cause or (ii) due to her death or disability, Ms. Bentley will receive (a) separation payments in the form of salary continuation payments at the rate of $200,000 and (b) reimbursement of continuation group health insurance premiums for GCMLP’s group health insurance coverage, in each case during the 12-month period following her termination date. Ms. Bentley’s employment agreement includes certain restrictive covenants, including confidentiality, perpetual non-disparagement in favor of GCMLP and assignment of intellectual property provisions, as well as one-year post-termination non-competition and two-year post-termination noninterference and non-solicitation of employees, clients and marketing agents provisions, subject to exceptions set forth in the agreement. If Ms. Bentley materially violates any of these restrictive covenants GCMLP may cease paying any unpaid installments of the separation payment and the post-termination insurance benefits. Ms. Bentley’s entitlement to receive the separation payment is conditioned upon her execution and non-revocation of a separation agreement that includes a general release of claims in the form then in use by GCMLP.

Ms. Buchanan. Upon Ms. Buchanan’s termination from GCMLP other than (i) for cause or (ii) due to her death or disability, Ms. Buchanan will continue to engage with GCMLP for a one-year period as a consultant in exchange for a consulting fee at the annual rate of $500,000. Ms. Buchanan’s employment agreement includes certain restrictive covenants, including confidentiality, perpetual non-disparagement in favor of GCMLP and assignment of intellectual property provisions, as well as one-year post-termination non-competition, noninterference and non-solicitation of employees, clients and marketing agents provisions, subject to exceptions set forth in the agreement. If Ms. Buchanan materially violates any of these restrictive covenants GCMLP may cease paying any unpaid installments of the separation payment. Ms. Buchanan’s entitlement to receive the consulting fee is conditioned upon her execution and non-revocation of a separation agreement that includes a general release of claims in the form then in use by GCMLP.

In the event of a termination of employment by reason of death or disability, unvested RSUs will be automatically become vested and payment with respect to those RSUs would generally occur within 30-days following such termination. Upon a termination of employment for “cause” all outstanding RSUs, whether vested or unvested will be forfeited and will be subject to a repayment obligation as set forth in our clawback policy. Upon a termination of employment for any other reason, any unvested RSUs will automatically be forfeited.

Carried Interest Plan. In the event of a participating officer’s termination without “cause” (as defined in the applicable governing documents) or resignation, the participating officer will forfeit such officer’s unvested carried interest sharing percentage, and such officer will only participate in future distributions of carried interest based on a carried interest sharing percentage that has been reduced to reflect the relevant forfeiture; provided, that, in connection with Mr. Pollock’s employment agreement described above, in the event Mr. Pollock provides six months’ written notice of his resignation, all unvested carried interest awarded to Mr. Pollock on or prior to March 31, 2022 that is not fully vested as of the termination date will be deemed 80% vested as of such termination date. If a participating officer is terminated for “cause” or otherwise triggers a forfeiture event under the applicable governing documents, such officer will forfeit such officer’s entitlement to any future distributions of carried interest and all such officer’s carried interest sharing percentages shall be reduced to zero. Upon a participating officer’s death or “disability” (as defined in the applicable governing documents), such officer (or such officer’s estate) shall continue to participate in carried interest distributions without any adjustment to such officer’s carried interest sharing percentages.

Deferred Compensation Plan. Upon termination of employment for any reason other than for “cause” (as defined in the plan), the unvested portion of an outstanding award is forfeited. The vested portion will continue to be paid

in accordance with the provisions of the plan. Upon a termination for cause or due to the employee’s willful breach of the plan and award agreement under the plan, employee handbooks or other agreements with GCMLP, Holdings and their affiliates, all awards, vested and unvested, are immediately forfeited.

Management Award Interests. With respect to the Management Award Interests granted to Mses. Bentley and Buchanan, upon death or disability, the unvested interests would remain outstanding, but would be settled pursuant to their terms, within 90 days following May 1, 2025.

The following table lists the estimated amounts that would have been payable to our named executive officers under their employment arrangements and outstanding equity awards in connection with a termination that occurred on the last day of our last completed fiscal year and the value of any additional equity that would vest upon such termination, assuming that the applicable triggering event occurred on December 31, 2024, and that the price per share was $12.27, which was the closing price per share of GCMG Class A common stock listed on the Nasdaq on the last trading day of the year. Carried interest is paid based on the price at which Grosvenor funds are able to sell or otherwise realize value from their investments; it is inherently uncertain and any yet unrealized carried interest amounts may not be paid for several years after carried interest is fully vested, if at all. Because of this uncertainty we do not provide a calculation of carried interest payment amounts that would be payable following the NEO’s termination on December 31, 2024.

It is the Company’s practice for our Board to approve ordinary course annual equity grants through the year after discussions with management. At this time, we do not currently anticipate granting stock options to any of our NEOs. The Company does not schedule its equity grants in anticipation of the release of material, non-public information, nor does the Company time the release of material non-public information based on equity grant dates.

As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(u) of Regulation S-K, we determined that the 2024 total compensation of the median compensated employee among all our employees who were employed as of December 31, 2024, other than Mr. Sacks, our Chief Executive Officer, was $202,083; Mr. Sacks’ 2024 total compensation was $5,470,026; and the ratio of these amounts was approximately 1-to-27.

We identified the median employee using data as of December 31, 2024 by examining base salary, annual cash bonus and value of equity awards for fiscal year 2024 for all employees, excluding our Chief Executive Officer, who were employed by us on December 31, 2024. We included all employees, whether employed on a full-time, part-time, seasonal or temporary basis. We did not make any material assumptions, adjustments or estimates with respect to total compensation, other than, consistent with applicable SEC rules, reasonable estimates in the methodology used for non-U.S. employees. We annualized the compensation for all employees hired during 2024. After identifying the median employee, we calculated annual total compensation for such employee using the same methodology we used for determining the Chief Executive Officer’s compensation shown in the Summary Compensation Table. Because the SEC rules for identifying the median employee and calculating the pay ratio under Item 402(u) of Regulation S-K allow companies to use different methodologies, exemptions, estimates and assumptions, the ratio may or may not be comparable to pay ratios presented by other companies.

In accordance with Item 402(v) of Regulation S-K, the Company is providing the following descriptions of the relationships between the information presented in the table above.

The Company’s Total Shareholder Return was $110, $77, $62 and $81 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The PEO’s CAP was $5,470,026, $5,859,411, $5,395,574 and $4,572,214 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The Company’s non-PEO NEOs CAP was $6,202,024, $23,067,310 ($4,086,731 excluding the impact of the modification related to the Amended Holdings Award Interests in 2023), $6,605,397 and $10,997,623 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The Company’s Total Shareholder Return increased from 2023 to 2024, while over the same year the CAP to the Company’s PEO decreased and the CAP to the non-PEO NEOs decreased. The Company’s Total Shareholder Return increased from 2022 to 2023, while over the same year the CAP to the Company’s PEO increased, and the CAP to the non-PEO NEOs increased (decreased when excluding the impact of the modification related to the Amended Holdings Award Interests in 2023). The Company’s Total Shareholder Return decreased from 2021 to 2022, while over the same year the CAP to the Company’s PEO increased, and the CAP to the non-PEO NEOs decreased.

The Company’s Total Shareholder Return was $110, $77, $62 and $81 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively, and the Company’s Peer Group Total Shareholder Return was $175, $135, $121 and $135 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The PEO’s CAP was $5,470,026, $5,859,411, $5,395,574 and $4,572,214 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The Company’s non-PEO NEOs CAP was $6,202,024, $23,067,310 ($4,086,731 excluding the impact of the modification related to the Amended Holdings Award Interests in 2023), $6,605,397 and $10,997,623 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The Company’s Peer Group Total Shareholder Return

increased from 2023 to 2024, while over the same year the CAP to the Company’s PEO decreased, and the CAP to the non-PEO NEOs decreased. The Company’s Peer Group Total Shareholder Return increased from 2022 to 2023, while over the same year the CAP to the Company’s PEO increased, and the CAP to the non-PEO NEOs increased (decreased when excluding the impact of the modification related to the Amended Holdings Award Interests in 2023). The Company’s Peer Group Total Shareholder Return decreased from 2021 to 2022, while over the same year the CAP to the Company’s PEO increased, and the CAP to the non-PEO NEOs decreased.

The Company’s net income was $18.7 million, $12.8 million, $19.8 million and $21.5 million for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The PEO’s CAP was $5,470,026, $5,859,411, $5,395,574 and $4,572,214 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The Company’s non-PEO NEOs CAP was $6,202,024, $23,067,310 ($4,086,731 excluding the impact of the modification related to the Amended Holdings Award Interests in 2023), $6,605,397 and $10,997,623 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The Company’s net income increased from 2023 to 2024, while over the same year the CAP to the Company’s PEO decreased, and the CAP to the non-PEO NEOs decreased. The Company’s net income decreased from 2022 to 2023, while over the same year the CAP to the Company’s PEO increased, and the CAP to the non-PEO NEOs increased (decreased when excluding the impact of the modification related to the Amended Holdings Award Interests in 2023). The Company’s net income decreased from 2021 to 2022, while over the same year the CAP to the Company’s PEO increased, and the CAP to the non-PEO NEOs decreased.

The Company’s Fee-Related Earnings was $166.4 million, $139.9 million, $128.5 million and $120.4 million for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The PEO’s CAP was $5,470,026, $5,859,411, $5,395,574 and $4,572,214 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The Company’s non-PEO NEOs CAP was $6,202,024, $23,067,310 ($4,086,731 excluding the impact of the modification related to the Amended Holdings Award Interests in 2023), $6,605,397 and $10,997,623 for the years ended December 31, 2024, 2023, 2022 and 2021, respectively. The Company’s Fee-Related Earnings increased from 2023 to 2024, while over the same year the CAP to the Company’s PEO decreased, and the CAP to the non-PEO NEOs decreased. The Company’s Fee-Related Earnings increased from 2022 to 2023, while over the same year the CAP to the Company’s PEO increased, and the CAP to the non-PEO NEOs increased (decreased when excluding the impact of the modification related to the Amended Holdings Award Interests in 2023). The Company’s Fee-Related Earnings increased from 2021 to 2022, while over the same year the CAP to the Company’s PEO increased, and the CAP to the non-PEO NEOs decreased.

As described further under “Compensation Discussion and Analysis,” the Company’s executive compensation program reflects our performance-based compensation culture. Although the compensation paid to our executives (other than Mr. Sacks) is heavily weighted in favor of equity and carried interest awards to create a direct link between the compensation realized by our NEOs and the interests of our shareholders and our clients, annual bonus awards are made taking into account a number of financial and non-financial performance measures to link executive compensation actually paid for fiscal 2024 to the Company’s performance, and the size of our bonus pool for bonus-eligible employees is determined by our operating results and the amount of incentive fee revenue recognized during the fiscal year. For fiscal 2024, Mr. Sacks was compensated for his services primarily through receipt of base salary and therefore, the CAP to Mr. Sacks was not significantly impacted by financial performance measures. Accordingly, the following are the financial performance measures considered by the Company to link CAP of our NEOs (other than Mr. Sacks) for fiscal 2024 to Company performance: