26th Mar 2026 11:00
(Alliance News) - Pollen Street Group Ltd on Thursday said assets under management increased in 2025, as it hailed "sustained and growing fundraising momentum" across its private credit and private equity offerings.
Shares in the asset manager shot up 8.1% at 800.00 pence, among the best FTSE 250 performers on Thursday morning in London.
Pollen Street said assets under management shot up 30% to GBP7.1 billion at the end of 2025, from GBP5.4 billion 12 months earlier.
"The group is delivering sustained and growing fundraising momentum across both private credit and private equity strategies, underpinning strong financial performance and delivering against its key strategic priorities," the firm said.
Pretax profit for 2025 was 10% higher at GBP61.6 million from GBP55.8 million in 2024, while earnings before interest, tax, depreciation, and amortisation climbed 10% to GBP64.6 million from GBP59.0 million.
Fund Management Income rose 21% to GBP81.1 million from GBP66.8 million.
"2025 was a strong year for Pollen Street, marked by a step-change in fundraising and growth across both our Private Equity and Private Credit platforms," Chief Executive Officer Lindsey McMurray said.
"Our investment strategies have continued to demonstrate resilience and outperformance amidst difficult market conditions. Across both private equity and private credit, the group is focused on disciplined underwriting, downside protection and supporting portfolio companies and borrowers through active engagement. We enter 2026 with exciting momentum and a robust pipeline for both deployment and fundraising. Our strategic priorities remain clear: to continue deploying capital across our flagship funds, prepare for the next generation of investment strategies, and deliver sustainable value for our investors and shareholders."
Despite Thursday's surge, shares in Pollen Street are down around 15% year-to-date.
"Despite our strong performance and favourable fundamentals, the share price has not fully reflected the progress made and we believe significantly undervalues the strength and resilience of the platform. This conviction underpins the group's continued commitment to returning capital to shareholders through its share buyback programme," the firm said.
Analysts at Panmure Liberum noted shares have suffered amid wider worries for the private market.
"The share price has been caught up in the broader weakness of private market peers where concerns about investment returns, liquidity for investors and the consequent impact on operating models has become, at last, more widespread. Pollen is, however, a much smaller player without the exposure to redemption activity which has been causing angst for the much larger US houses," the broker said.
Pollen Street declared a final dividend of 31.0 pence per share, up 14%, from 27.1p, taking its annual payout to 58.0p, up 8.2% from 53.6p.
Looking ahead, the company said: "Pollen Street's shares delivered strong performance during 2025, significantly outperforming the FTSE 250 index and reflecting investor confidence in our successful fundraising, robust financial results, and quality earnings growth. 2026 has presented a more challenging backdrop for equity markets broadly and listed alternative asset managers in particular. Initially this resulted from a sharp sell-off in growth stocks amid heightened uncertainty over the impact of AI, which was exacerbated by investor caution around private credit. More recently this has been compounded with heightened risk aversion across global markets following the escalation of the Iran conflict.
"Notwithstanding this backdrop, the fundamental performance of our business remains strong, with continued momentum in fundraising, deployment, and portfolio performance."
By Eric Cunha, Alliance News news editor
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