Reports Q1 fee revenues of $90.2M, including $12.0M in catch-up fees, versus $72.8M last year. Reports Q1 fee related earnings of $35.0M, with FRE margin at 39%, benefitting from 100% flow-through on catch up fees. “We’re pleased with the strong financial performance and fundraising we delivered in the first quarter. These results are consistent with our objectives for 2025 as well as our long-term goals to drive persistent double-digit revenue growth and expanding margins. We believe digital infrastructure is one of the most resilient, durable asset classes, positioning our portfolio to perform through market cycles, underpinned by the secular demand for ‘more, better, faster’ compute and connectivity,” said CEO Marc Ganzi.
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