Petershill Partners (PHLL)

Sector:

Financials

Index:

FTSE 250

 268.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 284.50p
  • 52 Week Low: 169.00p
  • Currency: UK Pounds
  • Shares Issued: 1,081.71m
  • Volume: 0
  • Market Cap: £2,904.39m
  • Beta: 0.00

Petershill reports $36bn in gross fee-paying inflows

By Josh White

Date: Wednesday 20 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Petershill Partners reported gross fee-paying assets under management inflows of $36bn in a half-year update on Wednesday, as its left its full-year guidance unchanged.
The FTSE 250 company said aggregate partner-firm assets under management were $266bn, and aggregate fee-paying partner-firm assets under management totalled $184bn as at 30 June.

Both amounts were unchanged from the levels reported as at 31 March.

It said partner-firms saw $8bn of fee-paying assets under management gross inflows during the second quarter, and a total of $36bn in the first six months of the year.

Partner-firm realisations came in at $2bn of fee-paying assets under management during the second quarter, and a total of $5bn in the first half.

During the second quarter, Littlejohn sold its CLO performing credit business for upfront and earn-out payments, resulting in the additional disposal of $3bn in fee-paying assets under management.

Investment performance of some partner-firm funds led to a reduction of $3bn in fee-paying partner-firm assets under management during the second quarter, and a reduction of $2bn in the first six months.

As at 30 June, partner-firms had $3bn of assets under management available to deploy, which was not currently paying fees but would do once the capital was invested.

"Through our partner-firms, we have exposure to $266bn of total assets under management, comprising a diverse set of more than 200 long-term private equity and other private capital funds where capital is typically locked in over a multi-year horizon," the board explained in its statement.

"These underlying funds generate recurring management fees and the opportunity for meaningful profit participation over the typical eight-plus year life cycles of such funds.

"We believe our approach is aligned with the founders and managers of our partner-firms and, as a result, allows the company to participate in these income streams in a way that provides high-margin, diversified and stable cash flows for our shareholders."

At 0949 BST, shares in Petershill Partners were up 0.23% at 220p.

Reporting by Josh White at Sharecast.com.

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PHLL Market Data

Currency UK Pounds
Share Price 268.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 284.50p
52 Week Low 169.00p
Volume 0
Shares Issued 1,081.71m
Market Cap £2,904.39m
Beta 0.00

PHLL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.65% above the market average60.65% above the market average60.65% above the market average60.65% above the market average60.65% above the market average
43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average
Price Trend
89.05% above the market average89.05% above the market average89.05% above the market average89.05% above the market average89.05% above the market average
89.29% above the sector average89.29% above the sector average89.29% above the sector average89.29% above the sector average89.29% above the sector average
Income
10.16% above the market average10.16% above the market average10.16% above the market average10.16% above the market average10.16% above the market average
30.16% below the sector average30.16% below the sector average30.16% below the sector average30.16% below the sector average30.16% below the sector average
Growth
47.22% below the market average47.22% below the market average47.22% below the market average47.22% below the market average47.22% below the market average
28.71% below the sector average28.71% below the sector average28.71% below the sector average28.71% below the sector average28.71% below the sector average

PHLL Dividends

  Latest Previous
  Special Interim
Ex-Div 21-Nov-24 26-Sep-24
Paid 20-Dec-24 31-Oct-24
Amount 17.50¢ 5.00¢

Trades for --2025

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