CEO Bruce Flatt and president Connor Teskey say they still see the potential ‘fundraising to accelerate throughout the year’
has raised US$19-billion so far this year, shrugging off a tough fundraising environment and turning increasingly to the Middle East and Asia to attract new money for its investment funds.have made capital more scarce, making fundraising a hard slog for many institutional investors.
“We are currently seeing an increased proportion of our fundraising coming from non-U.S. clients,” Mr. Flatt and Mr. Teskey said. Fee-related earnings were US$547-million, up 15 per cent year over year, or 33 cents per share. And distributable earnings – a measure of cash flow that shows how much of company profits could be paid out to shareholders – rose 15 per cent to US$563-million, or 34 cents per share. However, when compared with the fourth quarter last year, fee-related earnings fell 2 per cent and distributable earnings were relatively unchanged.
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