Petershill Partners plc (PHLL.L) on Tuesday issued a trading update for the third quarter ended 30 September 2025. The company said Partner-firm assets under management rose 5% year-on-year to $344 billion, supported by positive fundraising activity and underlying performance.
Fee-paying Partner-firm assets under management reached $240 billion, an increase of 3% from a year earlier. Organic gross fee-eligible AuM raised totalled $7 billion during the quarter and $26 billion year to date, surpassing the company's full-year 2025 guidance range of $20 billion to $25 billion.
After the end of the quarter, Petershill Partners agreed to sell the majority of its non-controlling equity stake in Industry Ventures for nominal consideration of up to approximately $237 million, with completion expected in the first quarter of 2026 subject to regulatory approvals and conditions. The company also reported that shareholders approved the Board's proposed capital return for free-float shareholders and its delisting plan on 3 November 2025. To partly refinance the bridge facility used for the capital return, Petershill completed a $350 million US private placement on 18 November 2025. The delisting from the London Stock Exchange is expected to take effect on 5 December 2025.
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