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Fee Earning Assets Under Management
Represents the portion of managed assets that generate fees, crucial for understanding revenue potential and profitability.Fee‑earning AUM has accelerated into 2025–26, reflecting record fundraising and deliberate activation plans that should drive fee revenue and margin expansion as undeployed capital converts. That said, the current record level of UFC is a double‑edged sword: it underpins future growth but creates execution/timing risk for when fees and performance income materialize. A modest fee‑structure tweak will slightly reduce initial blended fees but boost long‑term economics; management expects operating leverage to convert this scale into higher fee‑related earnings in FY27.
Date | Fee Earning Assets Under Management |
|---|---|
Jun 30, 2026 | $153.60B |
Mar 31, 2026 | $144.00B |
Dec 31, 2025 | $138.60B |
Sep 30, 2025 | $132.80B |
Jun 30, 2025 | $127.20B |
Mar 31, 2025 | $121.40B |
Dec 31, 2024 | $114.20B |
Sep 30, 2024 | $104.40B |
Jun 30, 2024 | $100.40B |
Mar 31, 2024 | $93.90B |