Pollen Street Group Reports Strong H1 Performance Amid Growth and Undeployed Capital
Pollen Street Group reported strong first-half performance in its asset management business, with assets under management (AUM) reaching £8.5 billion by the end of June 2026. Fee-paying AUM increased by 18% to £5.5 billion, supported by fundraising for Private Credit Fund IV and a successful initial close on Hanover Square SCSp. The company raised £1.8 billion in undeployed credit capital, which is expected to drive future fee growth as it gets invested. Fund-management revenue rose 22% like-for-like year-over-year, with EBITDA increasing by 73% to £16.1 million due largely to a 90% rise in performance fees from private equity. Despite this strong operational result, the investment company's balance-sheet return was reported at 3.4%, negatively impacted by a decline in Shawbrook’s share price and an equalization effect related to Credit IV. The firm also returned £25 million to shareholders through dividends and announced an additional interim dividend of £17 million. Pollen Street remains on track to meet full-year consensus expectations, with performance fees expected to be weighted toward the second half.
Topics: assets under management credit capital deployment dividend returns fee-paying AUM growth performance fees