Increased Total Asset Footprint
Total asset footprint reached $958 billion, a 4% year-over-year increase. AUM grew to $138 billion, up $14 billion or 11% from the prior year.
Growth in Management and Advisory Fees
Management and advisory fees rose to $514 million, growing 14% year-over-year. Fee-related earnings increased by 34%.
Dividend Increase
The Board approved a 10% increase to the annual fiscal dividend, marking the eighth consecutive annual double-digit percentage increase.
Record Deal Flow
Record deal flow was observed across secondaries and direct investing, largely due to partnerships with GPs seeking capital.
Strong Evergreen Platform Growth
Evergreen platform AUM reached nearly $10.7 billion. Net inflows for Q1 of 2025 were approximately $1 billion.
Strategic Technology Investment
Investment in 73 Strings, an AI-powered platform, strengthens middle office processes for private markets.
Increased Specialized Fund AUM
Specialized fund fee-earning AUM grew to $33 billion, a 16% increase, driven by Evergreen funds and new product lines.