Increase in Assets Under Management (AUM)
Fiera Capital reported assets under management of $165.5 billion, reflecting a 4% increase in the quarter.
Strong Performance in Private Markets
Private markets delivered positive net organic growth of approximately $200 million during the quarter, driven by new mandates and market appreciation.
Improved Financial Performance
Total revenues of $172 million in the third quarter increased by 8% year-over-year, with private markets revenues growing by 17%.
Adjusted EBITDA Increase
Adjusted EBITDA of $51.7 million increased 18% year-over-year, with an adjusted EBITDA margin of 30.1% for the quarter.
Dividend Increase
The Board declared a quarterly dividend of $0.216 per share, representing an increase of $0.01 per share.
Strong Pipeline for Future Growth
Fiera Capital has a promising pipeline with significant mandates expected to fund in the coming months.