Petershill Partners Reports Increase in Assets Under Management

By Elena Vardon

Petershill Partners, an investment firm based in London, recently announced that its assets under management saw a slight increase towards the end of 2023. The company closed the year with $304 billion in aggregate partner-firm assets under management, marking a 7% year-on-year rise.

According to Petershill Partners, its fee-paying assets under management also experienced growth, reaching $221 billion, up from $197 billion in the previous quarter. Additionally, the company reported partner-firm realizations of $7 billion for the year, aligning with its projected range of $5 billion to $10 billion.

In 2023, the company achieved organic gross fee-eligible asset growth of $23 billion, falling within its guided range of $20 billion to $25 billion for the year. Looking ahead to 2024, Petershill Partners maintains its expectations and anticipates raising between $20 billion and $25 billion in organic gross fee-eligible assets under management. It also projects realizations to be in the range of $5 billion to $10 billion. Furthermore, the company foresees approximately $8 billion of previously non-fee-paying assets under management becoming fee-paying throughout the year.