Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * CANTOR FITZGERALD, L. P. 2. Issuer Name and Ticker or Trading Symbol GCM Grosvenor Inc. [GMCG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 110 EAST 59TH STREET 3. Date of Earliest Transaction (Month/Day/Year) 11/17/2025 (Street) NEW YORK, NY 10022 4. If Amendment, Date 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 (City) (State) (Zip) 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 6,451,535 I See Footnotes(2)

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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 Underlying Securities (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 of Derivative Security: 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

Warrants

$11.50

11/17/2025

S

33,358

12/17/2020

11/17/2025

Class A common stock

33,358

$0.01

1,766,642

I

See Footnotes(2)

Warrants

$11.50

11/17/2025

J

1,766,642

12/17/2020

11/17/2025

Class A common stock

1,766,642

(1)

0

I

See Footnotes(2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
CANTOR FITZGERALD, L. P. 110 EAST 59TH STREET NEW YORK, NY 10022		X
CF Finance Holdings LLC 110 EAST 59TH STREET NEW YORK, NY 10022		X
CF GCM Investor, LLC 110 EAST 59TH STREET NEW YORK, NY 10022		X
CF GROUP MANAGEMENT INC 110 EAST 59TH STREET NEW YORK, NY 10022		X
Lutnick Brandon 110 EAST 59TH STREET NEW YORK, NY 10022		X

Signatures

/s/ Brandon G. Lutnick		11/18/2025
**Signature of Reporting Person		Date
/s/ Brandon G. Lutnick, as Chief Executive Officer of Cantor Fitzgerald, L.P.		11/18/2025
**Signature of Reporting Person		Date
/s/ Brandon G. Lutnick, as Chief Executive Officer of CF Finance Holdings, LLC		11/18/2025
**Signature of Reporting Person		Date
/s/ Brandon G. Lutnick, as Chief Executive Officer of CF GCM Investor, LLC		11/18/2025
**Signature of Reporting Person		Date
/s/ Brandon G. Lutnick, as Chief Executive Officer of CF Group Management Inc.		11/18/2025
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	On November 17, 2025, CF Finance Holdings, LLC ("Holdings") sold 33,358 warrants in GCM Grosvenor, Inc. ("GCMG") at an average price of $0.01 per warrant and the remaining 1,766,642 warrants held by Holdings and CF GCM Investor, LLC ("Investor") expired.
(2)	Holdings owns 2,951,535 shares of Class A common stock of GCMG and Investor owns 3,500,000 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. 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. 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.

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