Q1 2026 Trading Update
In brief · summary, not quotable
Q1 AuM increased to £8.2 billion; Private Credit IV exceeded target with £2.5 billion final close in April.
- Total AuM £8.2 billion (prior £7.1 billion)
- Total AuM (post PC IV final close) £8.4 billion
- Private Equity AuM £4.2 billion
- Private Credit AuM £4.0 billion
- Fee-paying AuM £5.4 billion (prior £5.2 billion)
- Undeployed committed capital (Private Credit) £1.7 billion
Full announcement
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Pollen Street Group Limited ("Pollen Street", together with its subsidiaries, the "Group") is pleased to publish its trading update for the quarter ended 31 March 2026.
Total AuM
| · | Total AuM increased by £1.1 billion during the quarter, to £8.2 billion as of 31 March 2026 reflecting strong fundraising in Private Credit IV ahead of its final close. |
| · | Total AuM as of 31 March 2026 comprised £4.2 billion in Private Equity and £4.0 billion in Private Credit. |
| · | Private Credit IV held its final close in April at £2.5 billion, significantly exceeding the initial target. Following the final close, total AuM stood at £8.4 billion. |
| Fee-Paying AuM | |
| · | Fee-paying AuM ("FP AuM") increased £0.2 billion to £5.4 billion as of 31 March 2026. |
| · | Private Equity FP AuM remained at £3.1 billion and Private Credit FP AuM grew to £2.3 billion, reflecting £0.2 billion of net deployment during the period. |
| · | At the quarter end, the Group had £1.7 billion of undeployed committed capital across Private Credit funds, which will become fee-paying as it is deployed over time. |
Full year FY26 expectations for Net Investment Return for the Investment Company remain unchanged, notwithstanding volatile market conditions during the quarter.
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