- Petershill Partners
- 22 July 2025 11:18:39
Source: Sharecast
Fee-paying AuM rose 5% over the same period to $245bn, with the gains reflecting strong organic fundraising and improved investment performance.
The FTSE 250 group said it raised $12bn in gross fee-eligible assets during the quarter and $19bn in the first half, noting that some asset raising originally expected later in the year had been brought forward.
Meanwhile, partner-firm realisations totalled $3bn in the second quarter and $6bn in the half-year.
Investment performance added $1bn to fee-paying AuM over both the quarter and the half-year.
The firm’s partner-firms had $3bn of assets not yet paying fees at the end of June, down from $4bn three months earlier.
The disposal of its stake in Harvest Partners, announced on 18 July, would reduce pro forma aggregate AuM to $332bn.
Guidance for the full year remained unchanged, with the group expecting $20bn to $25bn in gross fee-eligible AuM raised, and $5bn to $10bn of realisations in fee-paying AuM.
It also reaffirmed expectations of $180m to $210m in full-year partner fee-related earnings (FRE), and an adjusted EBIT margin of between 85% and 90%.
At 1059 BST, shares in Petershill Partners were down 0.84% at 237.5p.
Reporting by Josh White for Sharecast.com.