SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person* Sacks Michael Jay (Last) (First) (Middle) C/O GCM GROSVENOR INC. 900 NORTH MICHIGAN AVENUE, SUITE 1100 (Street) CHICAGO IL 60611 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol GCM Grosvenor Inc. [ GCMG ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) Chief Executive Officer
	3. Date of Earliest Transaction (Month/Day/Year) 05/12/2025
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/12/2025		C		2,569,415	A	(1)	2,569,415	I	See footnotes(2)
Class A Common Stock	05/12/2025		J(3)(4)		2,569,415	D	$0	0	I	See footnotes(2)
Class C Common Stock	05/12/2025		J(5)		2,569,415(5)	D	$0	141,665,831	I	See footnotes(6)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Units	(1)	05/12/2025		C(4)			2,569,415	(1)	(1)	Class A Common Stock	2,569,415	$0	141,665,831	I	See footnotes(7)
Management Award Interests (Obligation to transfer)	(3)	05/12/2025		C			2,569,415	(3)	(3)	Class A Common Stock	2,569,415	$0	4,400,000	I	See footnotes(2)

1. Name and Address of Reporting Person* Sacks Michael Jay (Last) (First) (Middle) C/O GCM GROSVENOR INC. 900 NORTH MICHIGAN AVENUE, SUITE 1100 (Street) CHICAGO IL 60611 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner X Officer (give title below) Other (specify below) Chief Executive Officer

1. Name and Address of Reporting Person* Grosvenor Holdings, L.L.C. (Last) (First) (Middle) C/O GCM GROSVENOR INC. 900 NORTH MICHIGAN AVENUE, SUITE 1100 (Street) CHICAGO IL 60611 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GCM V, LLC (Last) (First) (Middle) C/O GCM GROSVENOR INC. 900 NORTH MICHIGAN AVENUE, SUITE 1100 (Street) CHICAGO IL 60611 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The Common Units of Grosvenor Capital Management Holdings, LLLP ("GCMH") may be redeemed by the Reporting Person at any time for shares of the Issuer's Class A Common Stock on a one-to-one basis or cash. The Common Units do not expire.

2. Represents securities held directly by GCM Grosvenor Management, LLC ("GCM Grosvenor Management"). The Reporting Person is the ultimate managing member GCM Grosvenor Management.

3. On May 1, 2025, the Management Award Interests originally granted by GCM Grosvenor Management on December 15, 2022 and March 19, 2025 vested in full, resulting in the obligation to transfer of shares of Class A Common Stock and Common Units to certain employees of the Issuer or its affiliates.

4. Represents the transfer of shares of Class A Common Stock and Common Units owned by GCM Grosvenor Management in settlement of vested Management Award Interests to certain employees of the Issuer or its affiliates on May 12, 2025.

5. The Issuer's Class C Common Stock is automatically cancelled for no consideration upon any sale or other transfer of a share of the Issuer's Class A Common Stock issued as a result of any redemption or direct exchange of the Common Units of GCMH.

6. Represents securities held directly by GCM V, LLC ("GCM V"). The Reporting Person is the ultimate managing member of GCM V.

7. Represents securities held directly by Grosvenor Holdings, L.L.C. ("Grosvenor Holdings"), Grosvenor Holdings II, L.L.C. ("Grosvenor Holdings II"), GCM Progress Subsidiary LLC ("GCM Progress") and GCM Grosvenor Management. The Reporting Person is the ultimate managing member of each of Grosvenor Holdings, Grosvenor Holdings II, GCM Progress and GCM Grosvenor Management.

Remarks:

	/s/ Burke Montgomery, Attorney-in-Fact for Michael J. Sacks	05/12/2025
	/s/ Burke Montgomery, Attorney-in-Fact for Grosvenor Holdings, L.L.C.	05/12/2025
	/s/ Burke Montgomery, Attorney-in-Fact for GCM V, LLC	05/12/2025
	** Signature of Reporting Person	Date
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