Petershill Partners PLC (GB:PHLL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Petershill Partners PLC reported an 8% year-over-year increase in aggregate Partner-firm assets under management (AuM) to $312bn and a 15% increase in fee-paying AuM to $225bn, with an organic gross fee-eligible AuM raise of $8bn for Q1 2024. Partner Fee Related Earnings rose by 4% compared to Q1 2023, reaching $51m, while Partner Distributable Earnings saw a 7% decrease to $57m. The company reaffirmed its 2024 financial guidance and highlighted recent strategic acquisitions, including a stake in Kennedy Lewis, enhancing its position in private credit.
For further insights into GB:PHLL stock, check out TipRanks’ Stock Analysis page.
