Pollen Street Group’s assets under management reached £6.7bn in the third quarter of 2025, up 32 per cent on a year earlier, driven by “robust” fundraising and deployment across private credit and private equity strategies.
The alternative asset manager reported that total AUM in the three months to the end of September 2025 increased 9.9 per cent from £6.1bn at the end of June this year, and jumped 32 per cent from the £5.1bn reported in Q3 2024.
Read more: Pollen Street AUM jumps 35pc to £6.1bn
Fee-paying AUM rose to £5.1bn as at 30 September 2025, up 9.7 per cent from £4.7bn at 30 June 2025 and a 41.7 per cent increase compared to the same quarter a year earlier, when fee-paying AUM came in at £3.6bn.
Pollen Street attributed the growth in fee-paying AUM in the most recent quarter to “strong deployment” in private credit and in private equity, as well as the final close of Private Equity Fund V in the period.
In private credit, the group reported sustained investor demand and high levels of deployment into asset-based lending opportunities in the third quarter, with six new transactions completed during the period.
Borrower commitments grew to £2.7bn as at 30 September 2025, up from £2.4bn at 30 June this year, while drawn balances added £300m to hit £2bn, reflecting strong origination and deployment “momentum”, according to the group.
Following the most recent close of Pollen Street’s Private Credit Fund IV in November, total fund commitments have surpassed the original target raise and stand at £1.1bn, with a final close expected in the first quarter of 2026.
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Pollen Street reported that its private equity strategy also maintained its momentum in the third quarter, with the completion of the acquisition of UK-based corporate restructuring services platform Leonard Curtis, as a new investment in Private Equity Fund V, and the sale of Kingswood UK to Mattioli Woods, representing a partial disposal from Fund III.
The group operates through two complementary segments, one of which is the asset manager, which manages third-party AUM, and the other is the investment company, which invests on balance sheet to generate returns and accelerate AUM growth.
The investment company generated an annualised net investment return of 8.4 per cent in the year-to-date, representing an underlying 9.1 per cent portfolio return, while net investment assets stood at £331m at the end of September, up from £319m as at 30 June 2025.
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