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Petershill Partners PLC said on Wednesday that it has started the year with positive momentum and as a result expect its full-year assets under management inflows to be in line with guidance.
The London-based investment vehicle managed by Goldman Sachs Asset Management said the assets under management of its aggregate partner-firm grew 14% in the quarter and 55% year-on-year to $266 billion.
The AuM of its aggregate fee-paying partner-firm grew 16% in the quarter and 33% year-on-year to $184 billion. Petershill Partners said this was driven entirely by organic fundraising.
Realised investment income totalled $11 million in the quarter while partner distributable earnings stood at $77 million.
Looking forward to 2022, the FTSE 250 company is guiding for an organic gross aggregate fee-paying AuM raise between $40 billion to $45 billion. In addition, the company expects acquisitions between $100 million to $300 million across three to six transactions.
Shares in Petershill Partners were untraded at 229.00 pence on Wednesday morning in London.
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