Half Year 2024 CapMan Oyj Earnings Call Transcript

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Aug 08, 2024

Aug 08, 2024 / 06:30AM GMT
Charlotte Wessman - CapMan Oyj - Communications Director

Good morning, and welcome to this presentation of CapMan's Half year 2024 financial results. My name is Charlotte Wessman and I'm the Communications Director of CapMan. And presenting today, we have Pia Kall, CEO of CapMan.

(Operator Instructions) I hand over to you, Pia.

Pia Kall - CapMan Oyj - Managing Partner, CapMan Buyout;Member of the Management Group

Thank you, Charlotte. And welcome also from my side to this CapMan First Half Year 2024 report. During 2024, we have continued strong growth and profitability improvement. Our assets under management are now at EUR5.8 billion, a record high. It's a 16% growth compared to the year-end. And the growth is mainly driven by our acquisition of Dasos Capital and successful fundraisings in Infrastructure II fund and in the Growth Equity III fund. Assets under management is the key driver for our turnover fee income and also carried interest.

Turnover in first half year also grew with 16% compared to last year. In

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