Here is a summary of the key points from the trading update for Pollen Street Group Limited for the first quarter of 2025
Strong fundraising momentum resulted in an increase in total Assets under Management (AuM), reaching £5.8 billion as of March 31, 2025, consisting of £3.7 billion in Private Equity and £2.1 billion in Private Credit.
Fee-paying AuM also increased to £4.3 billion, a rise from £4.0 billion in the previous quarter.
The Private Equity V fundraising target of €1 billion has been surpassed, and management expects the final close to be 20%-40% <mark style="background-color:yellow">above</mark> the target.
The Private Credit IV fundraising target of £1 billion is also within reach, with expectations for the final close to be significantly above the initial goal.
The Investment Company, which invests in Pollen Streets strategies, has generated an annualized net investment return of 8.6% year-to-date, with Investment Assets of £518 million as of March 31, 2025.
Pollen Street maintains a positive outlook for the rest of FY25 and beyond, despite macroeconomic volatility, and continues to deliver on managements growth expectations.
The companys complementary asset management activities, including the Asset Manager and the Investment Company, contribute to its strong recurring revenues and scalable growth.
Pollen Street is listed on the London Stock Exchange (POLN) and is a part of the FTSE 250 index.