20th Jul 2022 09:29
(Alliance News) - Petershill Partners PLC on Wednesday backed its full-year guidance on jump in assets under management over the first half of its financial year.
The London-based spin-off from Goldman Sachs Group Inc is an investor in alternative asset managers. The company had its initial public offering on the London Stock Exchange in late September last year, raising USD720 million.
As at June 30, the company recorded Aggregate Partner-firm assets under management of USD266 billion and Aggregate Fee-paying Partner-firm assets under management of USD184 billion.
Both figures were flat compared to the figure on March 31.
Compared to December 31, Aggregate Partner-firm assets under management grew 14% from GBP234 billion.
Further, Aggregate Fee-paying Partner-firm assets under management rose 16% from GBP158 billion.
The company also said that its partner firms recorded USD8 billion of fee-paying assets under management gross inflows during the second quarter to June 30.
In the whole half-year period gross inflows amounted to USD36 billion.
Petershill left its full-year guidance unchanged.
In April, Petershill said it expects USD40 billion of fee-paying assets under management to be raised by partners in private capital markets in 2022.
Shares were flat at 219.50 pence on Thursday morning in London.
By Abby Amoakuh; [email protected]
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