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Pollen Street Group Ltd on Tuesday said it was encouraged by growing demand for mid-market alternatives and asset-based lending, as it announced a profit climb. The London-based asset manager said assets under management rose 35% to £6.1 billion as of June 30, from £4.5 billion a year prior. Fee-paying AuM were up 37% to £4.7 billion from £3.4 billion. Total income climbed 17% to £63.8 million from £54.3 million. Pretax profit grew 28% to £29.6 million from £23.2 million. The company declared an interim dividend of 27.0 pence, up 1.9% from 26.5p. Chief Executive Officer Lindsey McMurray said: ‘Looking ahead, we are encouraged by growing demand for mid-market alternatives and asset-based lending in particular. With our sector expertise, and strong track record, we are well positioned to capitalise on these trends and remain confident in delivering our strategic objectives.’ Looking ahead, Chief Financial Officer Crispin Goldsmith said: ‘The group remains in a strong position and is strategically well-placed and well-resourced for further growth through H2 2025 and beyond. Fund management income for H2 is expected to be lower than for H1 given the benefit of catch-up fees received in H1. Fee-paying AuM will continue to grow as a result of further capital raises in Private Credit Fund IV and their subsequent deployment. Investment company investment returns for the full year are expected to be in-line with the returns delivered in FY24, continuing our long track record of delivering stable and robust performance from our balance of direct positions and investments in Pollen Street managed funds. The group is trading in line with expectations.’ Pollen Street shares rose 2.7% to 900.00 pence each on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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