Pollen Street Group saw its assets under management (AUM) jump to £6.1bn in the first half of 2025, up 35 per cent compared to £4.5bn in H1 2024.
The asset manager reported that its operating profit increased by 28 per cent to £30.9m, up from £24.1m in H1 2024, and profit after tax rose by 18 per cent to £27.9m, up from £23.6m over the same period last year.
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Fee-paying AUM rose 37 per cent from £3.4bn to £4.7bn. Management fees increased by 79 per cent year-on-year, rising to £37.9m, while fund management income was up 55 per cent from £26.8m in H1 2024 to to £41.4m, including £8.4m of catch-up fees.
Private Credit Fund IV commitments reached £600m as at the end of June this year, with visibility on exceeding the initial £1bn target during H2, the firm said. It said it had continued active capital deployment across its private credit strategy, with 14 new deals completed and £400m deployed over the period.
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“Pollen Street delivered strong performance in the first half of 2025, supported by significant fundraising progress across both private equity and private credit,” said Lindsey McMurray, chief executive officer of Pollen Street Group.
“We have visibility of exceeding target in Private Credit Fund IV which, together with the out-performance on Private Equity Fund V, demonstrates the confidence our investors have in us and the appeal of our differentiated platform.
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“Looking ahead, we are encouraged by growing demand for mid-market alternatives and asset-based lending in particular. With our sector expertise, and strong track record, we are well positioned to capitalise on these trends and remain confident in delivering our strategic objectives.”
