Grosvenor Capital Management, L.P. (NASDAQ:GCMG) Q4 2022 Earnings Call Transcript

Michael Cyprys: Great. Thank you. And just a follow-up question, circling back on Elevate. So with that, you’re launching a fund strategy – fund vehicle around the strategy and capability that you guys have had for some time now. So just curious as you kind of look at your separate account capabilities and investments, if there’s other types of strategies that you guys already have today that you might be able to bring to the marketplace and package and a commingled fund. Just how do you think about that sort of growth opportunity there on the fund side, taking what you’re already doing in different pockets on the separate account side?

Michael Sacks: Yes. We have a lot of manufacturing capability and a lot of origination capability that we believe we can grow and we can grow both in custom separate account and in specialized fund form. And we have that in the impact space. We have that in the sponsor solutions space. We – there are – you know we’ve been pushing in the insurance channel for a while. There are commingled fund products that can make a lot of sense for that channel and so – and structured products that can make a lot of sense for that channel. So I think that we are sort of long origination and long manufacturing. And we have a lot of ability to add new funds and new strategies over the next several years. You’ve seen us do it over the last couple of years. And I think you’ll continue to see us do it as we move forward.

Michael Cyprys: Great. Thank you.

Operator: Thank you. And I’m not showing any further questions at this time.

Michael Sacks: Thank you all very much. We appreciate your interest, and we look forward to delivering for shareholders as we move forward. Thank you.

Operator: Thank you. And ladies and gentlemen, thank you for participating in today’s conference. This does conclude today’s program. We hope everyone has a great day. You may all disconnect.