Pollen Street Group - the private equity house behind wealth manager Mattioli Woods and Aberdeen-founded Maven Capital Partners - has unveiled a buoyant half-year, with assets under management climbing 35% to £6.1billion.
The London-listed investor, which bought Mattioli Woods in a £432million deal last year, and through it controls Maven’s stake in several North-east businesses, said fee-paying AuM rose 37% to £4.7billion in the six months to June.
Operating profit climbed to £30.9million, while earnings per share advanced 25% to 46p, helped by £29.2million of share buybacks.
Chief Executive Lindsey McMurray said: "Pollen Street delivered strong performance in the first half of 2025, supported by significant fundraising progress across both Private Equity and Private Credit. We have visibility of exceeding target in Private Credit Fund IV which, together with the out-performance on Private Equity Fund V, demonstrates the confidence our investors have in us and the appeal of our differentiated platform.
"This, alongside good levels of deployment, has driven further growth in Fee-Paying AuM to £4.7billion with management fees significantly up over the period.
"Looking ahead, we are encouraged by growing demand for mid-market alternatives and asset-based lending in particular. With our sector expertise, and strong track record, we are well positioned to capitalise on these trends and remain confident in delivering our strategic objectives."
Private equity firm Maven – now with 10 offices throughout the UK – has its roots in the North-east of Scotland and was launched in 2009 after a buyout of Aberdeen Asset Management (AAM)’s private equity business.
Co-founders included Jock Gardiner, a well-known face in North-east business circles, and Managing Partner Bill Nixon spent a large part of his career in the Granite City.