POLLEN STREET GROUP LIMITED (POLN) — H1 2024 results

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the POLLEN STREET GROUP LIMITED investor presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the q and a tab situated in the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to CEO, Lindsay McMurray. Good afternoon. Good afternoon, everyone, and welcome to the 2024 interim results presentation for POLN STREET GROUP LIMITED. Thank you all for attending, and apologies for the short delay. I'm Lindsay McMurray, CEO, and I'll be presenting today with Lucy Tilly, CFO. Today, I'll cover the key highlights of our performance, the overall strategic vision of POLN STREET and our AUM evolution. Lucy will present our financial results and then I will provide a quick recap of our investment strategies together with the outlook of the group, followed by the opportunity for Q and A. So taking a look at the key highlights for the first half of twenty four. We've increased our total AUM to £4,500,000,000 as of the half year and to £4,800,000,000 as of the 07/31/2024, which is a 42% growth over H1 twenty twenty three. This includes raising £600,000,000 in credit funds with the first close of Credit Fund IV together with a new SMA. Private equity strategy is progressing well with continued fundraising for Private Equity V, which is on track to reach its €1,000,000,000 target by the end of the year. Fee paying AUM increased...