15th May 2025 12:03
(Alliance News) - Pollen Street Group Ltd on Thursday said its assets under management increased during the first quarter of 2025, supported by "strong fundraising momentum".
The London-based asset manager said total AuM increased to GBP5.8 billion as of the end of March, up 7.4% from GBP5.4 billion at the end of 2024.
It said this comprised of GBP3.7 billion in private equity and GBP3.1 billion in private credit.
Fee-paying AuM increased by 7.5% to GBP4.3 billion from GBP4.0 billion, made up of GBP2.8 billion in private equity and GBP1.5 billion in private credit.
The firm said fundraising for Private Equity V "continues to progress well," as it passed the target of EUR1 billion.
Pollen Street said it expects the final close in mid-2025 to be between 20% and 40% above the original target.
The company added that Private Credit IV has "good visibility" on reaching its GBP1 billion fundraising target during 2025, as it aims for the final close to be "materially above" this level.
Pollen Street said the investment company has achieved an annualised net investment return of 8.6% in 2025 so far.
It said this reflects the expected seasonal profile of returns on the equity portfolio, as it said the forecast full year return remains in line with expectations.
Investment assets stood at GBP518 million at the end of March.
The investment company has committed GBP196 million to Pollen Street funds, the asset manager said, of which 69% was drawn down as of the end of March.
"Pollen Street continues to deliver on management's growth expectations and maintains a robust outlook for the remainder of financial 2025 and beyond despite recent increased macroeconomic volatility," the company said.
Shares in Pollen Street were up 0.5% to 806.00 pence in London on Thursday morning.
By Michael Hennessey, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Pollen Street