GCM Grosvenor Announces $100M Equity Distribution Deal
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GCM Grosvenor announced a $100M Equity Distribution Agreement with Morgan Stanley, allowing the sale of Class A common stock through an at-the-market offering. Proceeds will be used for general working capital and corporate purposes. Analysts rate GCMG stock as Hold with a $12.50 price target, noting strong earnings but bearish technical indicators. GCM Grosvenor specializes in alternative asset management, focusing on private equity, infrastructure, and real estate.
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