CANTOR FITZGERALD, L. P. sold GMCG

Footnotes

As a result of the sales reported herein, the Reporting Persons no longer own 10% or more of GCM Grosvenor, Inc. ("GCMG")'s outstanding Class A common stock. The Reporting Persons are filing this Form 4 to report that they are no longer Reporting Persons of GCMG.; Prior to the transactions reported herein, CF Finance Holdings, LLC ("Holdings") was the record holder of 2,951,535 shares of Class A common stock of GCMG and CF GCM Investor, LLC ("Investor") was the record owner of 3,500,000 shares of Class A common stock of GCMG. After the consummation of the transactions reported herein, Holdings is the record owner of 2,947,535 shares of Class A common stock of GCMG and Investor is the record owner of 2,946,894 shares of Class A common stock of GCMG.; Cantor Fitzgerald, L.P. ("CFLP") is the sole member of each of Holdings and Investor. CF Group Management, Inc. ("CFGM") is the managing general partner of CFLP. Mr. Brandon Lutnick is the Chairman and Chief Executive Officer of CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. As such, each of CFLP, CFGM and Mr. Brandon Lutnick may be deemed to have beneficial ownership of the securities directly held by Holdings and Investor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.; Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $14.20 to $14.27.