25th May 2022 10:20
(Alliance News) - Petershill Partners PLC said on Wednesday that it has started the year with positive momentum and as a result expect its full-year assets under management inflows to be in line with guidance.
The London-based investment vehicle managed by Goldman Sachs Asset Management said the assets under management of its aggregate partner-firm grew 14% in the quarter and 55% year-on-year to USD266 billion.
The AuM of its aggregate fee-paying partner-firm grew 16% in the quarter and 33% year-on-year to USD184 billion. Petershill Partners said this was driven entirely by organic fundraising.
Realised investment income totalled USD11 million in the quarter while partner distributable earnings stood at USD77 million.
Looking forward to 2022, the FTSE 250 company is guiding for an organic gross aggregate fee-paying AuM raise between USD40 billion to USD45 billion. In addition, the company expects acquisitions between USD100 million to USD300 million across three to six transactions.
Shares in Petershill Partners were untraded at 229.00 pence on Wednesday morning in London.
By Heather Rydings; [email protected]
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