GCM Grosvenor Inc.

Good day and welcome to the GCM Grosvenor second quarter 2025 results webcast. Later we will conduct a question and answer session and if you are interested in asking a question please ensure you dial in using the numbers you have been provided for this call and press star 1 on your keypad to join the queue. If anyone should require operator assistance please press star, then the zero key on your telephone keypad. As a reminder, this call will be recorded. I would now like to hand the call over to Stacey Selinger, Head of Investors Relations.

You may begin. Thank you.

Good morning and welcome to GCM Grosvenor's second quarter 2025 earnings call. Today, I am joined by GCM Grover's Chairman and Chief Executive Officer Michael Sachs, President John Levin, and Chief Financial Officer Pam Bentley. Before we discuss this quarter's results, a reminder that all statements made on this call that do not relate to matters of historical fact should be considered forward-looking statements. This includes statements regarding our current expectations for the business, our financial performance, and projections. These statements are neither promises nor guarantees. They involve known and unknown risks, uncertainties, and other important factors that may cause our actual results to differ materially from those indicated by the forward-looking statements on this call. Please refer to the factors in the risk factors section of our 10-K, our other filings with the Securities and Exchange Commission, and our earnings relief, all of which are available on the public shareholder section of our website. We'll also refer to non-GAP measures that we view as important in assessing the performance of our business. A reconciliation of non-GAAP metrics to the nearest GAAP metric can be found in our earnings presentation and earnings supplement, both of which are available on our website. Thank you again for joining us. And with that, I'll turn the call over to Michael to discuss our results.