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 £5.8 billion as of the end of March, up 7.4% from £5.4 billion at the end of 2024.
It said this comprised of £3.7 billion in private equity and £3.1 billion in private credit.
Fee-paying AuM increased by 7.5% to £4.3 billion from £4.0 billion, made up of £2.8 billion in private equity and £1.5 billion in private credit.
The firm said fundraising for Private Equity V ‘continues to progress well,’ as it passed the target of €1 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 £1 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 £518 million at the end of March.
The investment company has committed £196 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.
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