MPC Capital - New AUM allows for higher management fees
MPC Capital has been consistently transitioning its assets under management (currently at €4.2bn) away from retail legacy assets to new, higher-margin institutional business, which represented 61% of NAV at end-June 2019 (vs 52% at end-June 2018). This translated into a 6% y-o-y increase in management fees, which has offset the impact of muted transaction activity in H119. Moreover, MPC was able to realize profits from disposals (which represent the majority of investment income in H119) and completed new meaningful co-investments in H119.MPC - Muenchmeyer Petersen Capital AG. MPC Muenchmeyer Petersen Capital AG (MPC Capital) is a German-based holding company engaged in wealth and asset management. The Company develops and markets yield-oriented, tax-optimized investments for private and institutional investors. The Company operates in the following business segments: ship investments, real estate, energy, and other investments (insurance products, umbrella funds, investment funds and private equity). It has such subsidiaries as Ahrenkiel Steamship and DSC Deutsche SachCapital GmbH, among others. The Company has a number of subsidiaries in Germany, Austria, Spain, Liechtenstein, Switzerland and the Netherlands, among others.
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