Regal Partners Limited reported a robust 16% growth in Funds Under Management (FUM) to $20.9 billion by the end of 2025, driven by strong client inflows and solid investment returns. The company’s total FUM and commitments climbed 21% to $22 billion, reflecting broad-based demand across multiple asset strategies.
- Funds Under Management increased 16% to $20.9 billion in 2025
- Total FUM and commitments rose 21% to $22 billion
- Net client inflows of $1.5 billion and investment gains of $3.15 billion
- Growth driven by Hedge Funds, Credit & Royalties, and Multi-Strategy assets
- Net inflows of $75 million in December quarter despite some loan repayments
Strong Year-End Growth
Regal Partners Limited (ASX, RPL) closed 2025 with a notable increase in its Funds Under Management (FUM), reaching approximately $20.9 billion as of December 31. This marks a 16% rise over the calendar year, surpassing the company’s preliminary estimate announced earlier in January. The growth momentum continued into the final quarter, with a 4% uplift from the previous quarter’s $20 billion.
Drivers of Growth
The company attributes this expansion to a combination of strong net client inflows totaling $1.5 billion and impressive investment performance gains of $3.15 billion throughout 2025. Notably, the total FUM and commitments climbed 21% to $22 billion, underscoring robust investor confidence and demand across Regal’s diversified asset strategies.
Key contributors to net inflows included the Hedge Funds and Credit & Royalties segments, alongside sustained interest in the Multi-Strategy offerings. The December quarter alone saw net inflows of around $75 million, supported by demand for flagship funds such as the PM Capital Global Companies Fund, Regal Global Small Companies Fund, and the unlisted Regal Partners Private Fund.
Mixed Flows and Strategic Movements
Despite the positive inflows, some offsetting factors emerged, including loan repayments within Merricks Capital co-investments and modest redemptions in Growth Equity and Real & Natural Assets funds. These movements reflect the dynamic nature of alternative asset management and the ongoing portfolio adjustments typical in such strategies.
Looking Ahead
Regal Partners, with its broad suite of alternative investment brands and approximately 190 staff, continues to position itself as a leading specialist in the Australian asset management landscape. The company has signaled that further details will be provided at its full-year results announcement scheduled for February 24, 2026, which will offer deeper insights into performance and strategic outlook.
Bottom Line?
Regal’s strong 2025 growth sets a solid foundation, but investors will watch closely for how it sustains momentum amid evolving market conditions.
Questions in the middle?
- How will Regal’s various asset strategies perform amid potential market volatility in 2026?
- What impact will loan repayments and redemptions have on future net inflows?
- Will the company’s fee-earning capital base continue to expand alongside commitments?