By Josh White
Date: Friday 03 May 2024
LONDON (ShareCast) - (Sharecast News) - Pollen Street Group announced positive results in the quarter ended 31 March on Friday, highlighting significant fundraising success across both its private credit and private eEquity strategies.
The London-listed company said that within private credit, it completed the first close of Fund IV, securing £300m in investor commitments.
A separately-managed account, announced previously, was upsized to £280m, with the influx of capital positioning Pollen Street to actively pursue new credit deals.
The firm said its private equity strategy was also on track, with fundraising progressing towards its €1bn target for Fund V.
Total assets under management increased to £4.4bn as of 31 March.
Pollen Street said its investment company was continuing to perform as expected, delivering a strong return on net investment assets in the first quarter of 2024.
At 0810 BST, shares in Pollen Street Group were up 0.89% at 680p.
Reporting by Josh White for Sharecast.com.
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Currency | UK Pounds |
Share Price | 686.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 698.00 |
52 Week Low | 528.00 |
Volume | 0 |
Shares Issued | 63.63m |
Market Cap | £436.52m |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Q4 | Q3 | |
Ex-Div | 18-Jan-24 | 30-Nov-23 |
Paid | 01-Mar-24 | 29-Dec-23 |
Amount | 13.00p | 16.00p |
CEO | Lindsay Villon McMurray |
CFO | Julian Dale |
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