Pollen Street reports strong private credit fundraising momentum

Pollen Street reported sustained fundraising momentum across private credit and private equity in 2025, as total assets under management (AUM) reached £7.1bn.

According to the UK-based alternatives manager’s full-year results, Pollen Street reported significant outperformance from its Private Credit Fund IV, which now stands at £1.8bn, with further capital commitments expected ahead of final close. The firm reported similar results for its private equity strategy.

Overall, the manager said fundraising momentum and an expanded investor base underpin its £10bn medium-term AUM target. In terms of deployment, Pollen Street reported £1.6bn was invested across both platforms.

“This fundraising strength, underpinned by the trust of our global investor base, enabled us to generate strong management fee income and deliver group operating profit of £64.4m, ahead of expectations,” said Lindsey McMurray, chief executive. “Our investment strategies have continued to demonstrate resilience and outperformance amidst difficult market conditions.”

In private credit, Pollen Street also reported £0.8bn of dry powder as of the end of December 2025, which will convert to fee-paying AUM once deployed.

The manager said AUM increased by 30 per cent over the year, rising from £5.4bn in 2024 to £7.1bn in 2025. Fee-paying AUM also grew by 32 per cent to £5.2bn.

Pollen Street also reported that profit after tax rose 14 per cent to £56.6m, while income on net investment assets totalled £32.9m, giving a return of 9.9 per cent.

“We enter 2026 with exciting momentum and a robust pipeline for both deployment and fundraising. Our strategic priorities remain clear: to continue deploying capital across our flagship funds, prepare for the next generation of investment strategies, and deliver sustainable value for our investors and shareholders,” McMurray added.