Fiera Capital Corporation Q3 2025 Earnings Recap

Fiera Capital reported a strong third quarter for 2025, with total assets under management rising 4% to $166.9 billion, driven by market appreciation and significant net organic growth. The private market platform experienced robust inflows, underscoring the company's strong positioning in both public and private investment strategies.

Key Takeaways

• Total assets under management increased to $166.9 billion, with public market AUM at $145 billion and private market AUM at $22 billion.
• Net organic growth in private markets was notably strong at approximately $850 million, driven by new subscriptions including an initial $800 million from the Canadian Built Opportunities Fund.
• Fiera Capital was awarded Fixed Income Manager of the Year at the 2025 European Awards, reflecting the strong performance and expertise of its fixed income strategies.
• Despite positive returns in its equity strategies, performance relative to benchmark was mixed due to security selection challenges in key sectors.
• The company deployed approximately $400 million into new projects in Q3 and returned $150 million in capital to private market investors, showing a strong commitment to liquidity and growth.