Petershill Partners aggregate partner-firm AuM grows in H1
![Petershill Partners | Sharecast graphic / Josh White dl petershill partners private equity capital funding financial services assets goldman sachs logo](https://img5.s3wfg.com/web/img/images_uploaded/b/b/dl-petershill-partners-private-equity-capital-funding-financial-services-assets-goldman-sachs-logo_620x350.jpg)
Petershill Partners
211.50p
16:40 06/09/24
Investment company Petershill Partners said on Friday that aggregate partner-firm assets under management had grown in the six months ended 30 June.
Financial Services
15,868.29
16:44 06/09/24
FTSE 250
20,494.00
16:44 06/09/24
FTSE 350
4,510.61
16:44 06/09/24
FTSE All-Share
4,467.47
17:09 06/09/24
Petershill Partners said aggregate partner-firm AuM had increased 11% during H1 to $332.0bn, while aggregate fee-paying partner-firm AuM rose 21% year-on-year to $238.0bn.
The FTSE 250-listed firm said its organic gross fee-eligible AuM raise was $14.0bn for the half, while partner-firm realisations came in at $8.0bn. It also noted that the investment performance of partner-firm funds had led to a decrease of $1.0bn in fee-paying partner-firm AuM during Q2 but remained stable for H1 as a whole.
Petershill kept its full-year guidance unchanged and expects to deliver $20.0bn-25.0bn of organic fee-eligible AuM raise and realisations of $5.0bn-10.0bn in fee-paying AuM during FY24. Company adjusted underlying earnings margins were pegged to come in at roughly 85-90%.
As of 0920 BST, Petershill shares were up 0.71% at 211.50p.
Reporting by Iain Gilbert at Sharecast.com