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An announcement from Petershill Partners PLC ( (GB:PHLL) ) is now available.
Petershill Partners PLC reported a significant increase in its assets under management (AuM) for 2024, with a gross fee-eligible AuM raise of $32 billion, surpassing its guidance of $20-25 billion. The company also announced the sale of its majority stake in General Catalyst, impacting its Q4 2024 fee-paying AuM by a $12 billion reduction. Despite a stable investment performance, the company anticipates a fee-eligible AuM raise of $20-25 billion in 2025, with $8 billion expected to become fee-paying during the year. These developments underscore Petershill’s strong position in the alternative asset management sector, reflecting both growth in partner-firm assets and strategic asset realignments.
More about Petershill Partners PLC
Petershill Partners PLC is a diversified global investment group specializing in private equity and private capital strategies. The company provides investors exposure to the growth and profitability of the alternative asset management industry through its economic interests in a portfolio of alternative asset management firms. Operating under Goldman Sachs Asset Management, Petershill Partners was listed on the London Stock Exchange in October 2021 and focuses on high-margin, stable cash flows through its engagements with Partner-firms.
YTD Price Performance: 4.44%
Average Trading Volume: 352,303
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.73B
Learn more about PHLL stock on TipRanks’ Stock Analysis page.
