Investment firm Petershill Partners said on Friday that aggregate partner-form assets under management had increased 3% during Q4 and 11% year-over-year.
Petershill said aggregate fee-paying partner-firm assets under management came to $238.0bn at the end of Q4, increasing 2% during the quarter and 8% on the same time a year earlier.
The FTSE 250-listed stock also noted that as of Q4, partner-firms had $8.0bn of assets under management which were not yet paying fees.
Looking forward, Petershill added that based on current fund-raising schedules, it estimates organic gross fee-eligible assets under management to rise to $20.0bn-25.0bn in FY25.
As of 0925 GMT, Petershill shares were up 0.37% at 271.50p.
Reporting by Iain Gilbert at Sharecast.com