Pollen Street Group’s AUM hits £5.8bn
Pollen Street Group’s total assets under management (AUM) hit £5.8bn as of 31 March this year, comprising £3.7bn in private equity and £2.1bn in private credit, it reported in its latest company results.
Its fee-paying AUM increased to £4.3bn, an increase of £300m since December 2024. This was made up of £2.8bn in private equity and £1.5bn in private credit.
Read more: Mubadala’s private credit portfolio hits $20bn
The alternative asset manager also reported that fundraising for Private Equity V has already surpassed its target of €1bn (approximately £843m), with the fund expected to close mid-2025 at 20 per cent to 40 per cent above target.
Meanwhile, Private Credit IV is on track to achieve its £1bn fundraising target this year.
Read more: Hamilton Lane highlights opportunity for private credit amid tariff uncertainty
Overall, the group has generated an annualised net investment return of 8.6 per cent in the year to date.
The business said it “continues to deliver on management’s growth expectations and maintains a robust outlook for the remainder of FY25 and beyond, despite recent increased macroeconomic volatility”.
Read more: Moody’s warns of risks in alternative asset managers turning to retail
