Pollen Street (POLN) Q3 2024 TU earnings summary

Executive summary

• Achieved strong Q3 2024 performance with continued AUM growth and strategic fundraising progress.

• Ongoing capital deployment and robust pipeline in both Private Equity and Private Credit strategies.

Financial highlights

• Total AUM reached £5.0 billion as of 30 September 2024, up from £4.2 billion in Q3 2023.

• Fee-paying AUM stands at £3.5 billion as of 30 September 2024.

• Investment company generated a risk-adjusted net investment return of 8.3% year-to-date.

• Net Investment Assets were £464 million as of 30 September 2024.

Outlook and guidance

• Private Equity V fundraise expected to meet €1 billion target by year-end 2024.

• Credit IV fundraising on track to achieve £1 billion target in 2025.

• Medium-term growth prospects for private markets remain promising.