Companions Group has reported a 12 per cent enhance in its earnings, and a 4 per cent enhance in belongings beneath administration (AUM) final 12 months.
The Swiss non-public markets large grew its earnings to CHF1.13bn (£1bn), supported by stronger efficiency charges within the second half of the 12 months.
In the meantime, revenues elevated by 10 per cent to CHF2.1m, whereas administration charges amounted to CHF1.6m – a 3 per cent year-on-year enhance.
Companions Group has reconfirmed steerage of anticipated complete new shopper belongings of $26bn (£20bn) to $31bn in 2025.
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The agency’s robust efficiency was pushed by a sequence of serious exits, and the expansion of its non-public wealth enterprise in North America.
“We skilled vital progress in our exit pipeline within the second half of 2024, pushed by the sale of direct belongings,” mentioned David Layton, accomplice and chief government of Companions Group.
“This lifted full-year realisations by 53 per cent year-on-year to $18bn. We attribute this achievement to our transformational investing method, which proved efficient even in difficult market situations.
“On the fundraising facet, we’ve positioned vital give attention to rising our shopper base in North America and on the growth of our non-public wealth enterprise. North America contributed a report 33 per cent to fundraising in 2024, half of which was attributable to personal wealth traders.
“It’s encouraging to see these strategic initiatives bearing fruit and contributing to our robust monetary efficiency in 2024.”
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“As exit markets recovered within the second half of 2024, we signed a number of vital exits throughout our direct non-public fairness and infrastructure portfolios, which drove a powerful enhance in efficiency charges,” added Joris Gröflin, accomplice and chief monetary officer at Companions Group.
“As we glance forward, we’ve a $19bn pipeline of direct belongings which are anticipated to be realized within the subsequent two to 3 years. This provides us confidence in our skill to generate efficiency charges accounting for 25-40 per cent of revenues from 2026 onwards.”
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