**Pollen Street Group Limited: Q3 2024 Trading Update**

Pollen Street Group Limited has released its trading update for the period ending September 30, 2024, showcasing a robust performance and strategic advancements, particularly in asset management (AuM) growth.

As of September 30, 2024, total AuM reached £5.0 billion, a significant increase from £4.2 billion in Q3 2023. Fee-paying AuM also rose to £3.5 billion, driven by steady fundraising efforts, with expectations for most capital to be raised in Q4. The credit sector has seen several deals closed this year, contributing to a strong pipeline as the year progresses.

The fundraising for the Private Equity V fund is advancing well, with ongoing discussions with investors and a target of €1 billion expected to be met by the end of 2024. Similarly, the Credit IV fundraising is on track to achieve its £1 billion target by 2025. Pollen Street's asset management division is thriving, actively fundraising in both Private Equity and Private Credit sectors, positioning the firm for continued success.

In terms of investment performance, the investment company has achieved a risk-adjusted net investment return of 8.3% year-to-date, with net investment assets totaling £464 million as of September 30, 2024. The company maintains a strong balance sheet, supported by a high-quality portfolio, and is transitioning from direct investments to fund-based investments while maintaining a focus on credit.

Pollen Street has committed approximately £185 million to its funds, with 47% drawn as of the reporting date. This strategy aims to leverage attractive returns from both Private Equity and Private Credit, aligning with investor interests and facilitating AuM growth. The remaining commitment will be drawn as funds are deployed, ensuring ongoing investment momentum.

Looking ahead, Pollen Street is optimistic about the medium-term growth prospects in private markets and is confident in its long-term strategic opportunities. The firm plans to leverage its expertise in financial services to deliver sustained value to clients and shareholders.

Founded in 2013, Pollen Street is an alternative asset manager focused on the financial and business services sectors, employing both Private Equity and Private Credit strategies. The company has consistently delivered top-tier returns while growing its AuM. Its dual approach includes managing third-party AuM through its Asset Manager and making on-balance sheet investments via its Investment Company.

The Asset Manager raises capital from high-quality investors and deploys it into various strategies, generating strong recurring revenues that support scalable growth. The Investment Company invests in the group’s strategies, providing attractive risk-adjusted returns and accelerating growth in third-party AuM. Currently, the portfolio is primarily invested in credit assets, with plans to increase the allocation to Private Equity to 30% in the long term.

Pollen Street Group is listed on the London Stock Exchange under the ticker symbol POLN. For more information, visit www.pollenstreetgroup.com.