Record Fundraising and Capital Deployment
Raised over $20 billion in gross new capital commitments, the highest level for the first quarter fundraising on record, and deployed over $31 billion with an improving gross-to-net deployment ratio of 49% in private credit strategies.
Significant Year-Over-Year Growth in AUM
Crossed $0.5 trillion in total AUM, reaching $546 billion, with AUM and fee paying AUM growing by 27% and 25% year-over-year, respectively.
Strong Financial Performance Metrics
Management fees grew by 18% year-over-year, FRE increased by 22%, and after-tax realized income per share of Class A common stock rose by 36%.
Successful Integration of GCP
GCP acquisition added $45 billion in AUM, with early fundraising momentum and synergy opportunities being realized.
Robust Performance in Credit Strategies
Generated positive returns across credit strategies, including a gross return of 2.4% for European direct lending and 3.2% for US senior direct lending.
Increased Dividend
Announced a 20% increase in quarterly dividend, now $1.12 per share.