GCM Grosvenor Inc. Enters Material Definitive Agreement

TL;DR

GCMG signed a big deal, creating a new financial obligation.

AI Summary

On June 17, 2024, GCM Grosvenor Inc. entered into a material definitive agreement related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement. Specific financial figures and counterparty details are not provided in this summary section of the filing.

Why It Matters

This filing indicates a significant financial commitment or obligation for GCM Grosvenor Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce financial risks and impact the company's balance sheet.

Key Players & Entities

• GCM Grosvenor Inc. (company) — Registrant
• June 17, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 per share GCMG The Nasdaq Stock Mar
• $151,537.50 — Monthly base rent at an initial rate of $151,537.50 per month (" Base Rent ") during the Ex
• $181,845.00 — set forth in the Lease Amendment, up to $181,845.00 per month at the conclusion of the Leas
• $331,821 — 25 for a total early termination fee of $331,821.92, pursuant to the terms and condition
• $8,001,180.00 — ent and tenant improvement allowance of $8,001,180.00 pursuant to the terms and conditions of

Filing Documents

• ea0208231-8k_gcmgros.htm (8-K) — 33KB
• ea020823101ex10-1_gcmgros.htm (EX-10.1) — 108KB
• 0001213900-24-054851.txt ( ) — 376KB
• gcmg-20240617.xsd (EX-101.SCH) — 4KB
• gcmg-20240617_def.xml (EX-101.DEF) — 26KB
• gcmg-20240617_lab.xml (EX-101.LAB) — 36KB
• gcmg-20240617_pre.xml (EX-101.PRE) — 25KB
• ea0208231-8k_gcmgros_htm.xml (XML) — 6KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On June 17, 2024, Grosvenor Capital Management, L.P., an Illinois limited partnership (the " Tenant ") and 900 North Michigan, LLC, a Delaware limited liability company (the " Landlord "), entered into a Tenth Amendment to Office Lease (the " Lease Amendment "), effective June 17, 2024, related to GCM Grosvenor Inc.'s (the " Company's ") principal headquarters located at North Michigan Avenue, Suite 1100, Chicago, Illinois 60611 (the " Premises "). The Lease Amendment amends certain terms of the original Office Lease entered into on December 17, 2004 by LaSalle Bank National Association, the Landlord's predecessor-in-interest, and the Tenant (as amended, the " Lease "), including the following: Extension of the term of the Lease for an additional period of eleven (11) years from and after October 1, 2026, so that the term shall expire on September 30, 2037 (the " Extension Period ") with respect to a total of 72,738 rentable square feet at the Premises. Monthly base rent at an initial rate of $151,537.50 per month (" Base Rent ") during the Extension Period, which will increase annually in accordance with the schedule set forth in the Lease Amendment, up to $181,845.00 per month at the conclusion of the Lease. Termination of the Lease with respect to a total of approximately 40,458 rentable square feet at the Premises (the " Give Back Space ") on or prior September 30, 2025 for a total early termination fee of $331,821.92, pursuant to the terms and conditions of the Lease Amendment and subject to Tenant's right to defer and extend the early termination date with respect to all or a portion of the Give Back Space. Twelve month rent abatement and tenant improvement allowance of $8,001,180.00 pursuant to the terms and conditions of the Lease Amendment. Tenant's one-time option to terminate this Lease in its entirety, effective as of September 30, 2032, for a termination fee and pursuant to the terms and

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Tenth Amendment to Office Lease, dated June 17, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL Document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GCM Grosvenor Inc. Date: June 21, 2024 By: /s/ Michael J. Sacks Name: Michael J. Sacks Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR