Pollen Street says confident in meeting assets under management goal

(Alliance News) - Pollen Street Group Ltd on Tuesday said that 2025 started well amid continued fundraising momentum, as profit climbed comfortably last year.

The London-based asset manager said pretax profit grew 31% to GBP55.8 million in 2024 from GBP42.6 million in 2023.

Total assets under management climbed 29% to GBP5.4 billion as at December 31 from GBP4.2 billion a year prior. Fee-paying AuM rose 17% to GBP4.0 billion from GBP3.4 billion.

The company said it is confident in meeting its medium-term goal of total AuM of GBP10 billion.

The total dividend for 2024 was 53.6 pence per share, down 12% from 61.0p a year prior.

Looking ahead, Chief Executive Officer Lindsey McMurray said: "2025 has started well with continued fundraising momentum, solid asset performance and a promising pipeline of deployment opportunities. Looking ahead, we are strategically positioned to capture future growth with our specialist focus, diversified investor base and long track record of performance setting us apart."

Pollen Street shares rose 5.6% to 755.80 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Pollen Street