LONDON (ShareCast) - (Sharecast News) - Investment company Petershill Partners said on Friday that aggregate partner-firm assets under management had grown in the six months ended 30 June.
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

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