Record Assets Under Management
AllianceBernstein ended the quarter with record assets under management (AUM) of $829 billion, providing a strong tailwind for the second half of the year.
Strong Operating Margin
The firm is on track to deliver a 33% operating margin in 2025, which is above the midpoint of their 2027 margin range target of 30% to 35%, two years ahead of schedule.
Growth in Private Markets
Private markets AUM grew to $77 billion, up 20% year-over-year, with targets to reach $90 billion to $100 billion by 2027.
European Income Strategy Success
The European income strategy attracted over $200 million in inflows in the second quarter, with continuous outperformance.
Strategic Relationship with Equitable
The partnership with Equitable has been beneficial, with over $15 billion of the $20 billion commitment deployed into AB Private Markets strategies.
Strong Earnings Growth
Adjusted earnings for the second quarter rose to $0.76 per unit, representing a 7% increase compared to the prior year.