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Petershill Partners PLC on Thursday said it continued to experience ‘steady’ fund-raising activity in the first quarter of 2025 but cautioned the outlook for capital markets activity remains ‘unclear’.
Petershill Partners is a London-based investment group operated by Goldman Sachs Asset Management that focuses on private equity and other private capital strategies.
The company said aggregate partner-firm assets under management rose 8.7% to $339 billion in the quarter to March 31 from $312 billion a year prior.
Aggregate fee-paying partner-firm AuM rose 4.0% year-on-year to $234 billion from $225 billion.
Organic gross fee-eligible AuM raised was $7 billion for the quarter, compared to $8 billion in the same quarter a year ago.
In the quarter, partner fee-related earnings fell 12% on-year to $45 million, reflecting a 3.2% drop in net management and advisory fees to $90 million and a 7.1% rise in partner fee-related expenses to $45 million.
Partner distributable earnings were $73 million, up 28% from last year.
‘During the first three months of 2025, our partner-firms’ continued to experience steady fund-raising activity with $7 billion of gross fee eligible assets raised,’ the firm said in a statement.
Petershill reiterated 2025 guidance, although it cautioned ‘the outlook for capital markets activity and investor sentiment remains unclear,’ amid economic uncertainty.
For 2025, the company expects $20 million to $25 billion organic fee-eligible AuM raise and realisations of $5 to $10 billion in fee-paying AuM.
Shares in Petershill fell 2.3% to 211.00 pence each in London on Thursday morning.
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