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Investing.com -- Petershill Partners PLC (LON:PHLL) on Tuesday reported period-end fee-paying assets under management (FPAUM) of $245 billion in its second quarter 2025 update, exceeding consensus expectations of $238 billion by 3%.
The company attributed the stronger-than-expected results to accelerated fundraising that was previously anticipated for the second half of the year.
Gross organic fee-paying AUM increased by $12 billion during the quarter, significantly ahead of the $7 billion consensus estimate.
Petershill Partners maintained its full-year 2025 guidance, projecting gross organic fee-eligible AUM raises of $20-25 billion, realisations of $5-10 billion, and Partner fee-related earnings (FRE) of $180-210 million.
The company reported $3 billion of AUM not yet paying fees, down from $4 billion in the first quarter.
On Friday, the company completed the sale of its stake in Harvest Partners for $561 million, representing a 22% premium to carrying value.
The transaction includes $140 million in cash at closing and $421 million payable on the first anniversary of the deal.
The Harvest Partners sale is expected to reduce Petershill’s 2025 and 2026 distributable earnings by 4-5%.
The company stated it will evaluate optimal allocation of the proceeds, considering potential new acquisitions, support for existing partner firms, or additional shareholder distributions.
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