During the second quarter of 2025, the number of Management Companies and Undertakings of Collective Investments (UCIs) stood at 319, with the total Assets Under Management (AUM) recording a slight decrease to pound 10.6 billion.
According to the quarterly statistical bulletin for the second quarter of 2025 issued by the Cyprus Securities and Exchange Commission (CySEC), which presents key data for the collective investments sector in Cyprus, CySEC supervised 319 Management Companies and UCIs, compared with 328 in the corresponding period of 2024, marking a 2.74% decrease.
Of these 319 entities, 222 were Externally Managed UCIs, 30 Internally Managed UCIs, and 67 External Fund Managers. The total number of Management Companies includes 45 Alternative Investment Fund Managers (AIFMs), 45 Sub-threshold Alternative Investment Fund Managers (Sub-threshold AIFMs), 2 Undertakings for Collective Investment in Transferable Securities (UCITS) Management Companies, and 5 dual-license entities operating as both AIFMs and UCITS Management Companies.
Based on data for the second quarter of 2025, total Assets Under Management (AUM) amounted to pound 10.6 billion, showing a 1.03% decrease compared to the first quarter of the year. Meanwhile, the UCIs managed by these companies had a Net Asset Value (NAV) of pound 9.8 billion.
Of the total AUM, 62% related to assets managed by AIFMs, 17% by AIFMs and UCITS Management Companies, 11% by UCITS Management Companies, 9% by Sub-threshold AIFMs, and 1% by regulated UCIs managed by foreign fund managers.
Of the UCITS AUM, 85.7% was invested in Transferable Securities, 9.1% in UCITS and other UCIs, and 4.1% in bank deposits.
Regarding Alternative Investment Funds (AIFs), Alternative Investment Funds with Limited Number of Persons (AIFLNPs), and Registered Alternative Investment Funds (RAIFs), 31.6% of AUM related to investments in Private Equity, while 17.8% was invested in Real Estate. Investments in Hedge Funds accounted for 10.3%, Funds of Funds for 9.7%, and the remaining 30.6% were classified as ‘Other.’
Within the Private Equity category, 33.7% concerned multi-strategy capital, 31.1% growth capital, 16.2% venture capital, and 4.4% mezzanine financing.
As for the ‘Other’ category, 38.2% was invested in equity capital, 14.4% in fixed income securities, 6.6% in cash and cash equivalents, with infrastructure and commodities following at 2.9% and 2%, respectively.
A total of 73.7% of AUM is held by 208 UCIs domiciled in Cyprus (12 UCITS, 54 AIFs, 40 AIFLNPs, and 102 RAIFs). Out of 230 UCIs with active operations, 170 invest in Cyprus either partially or entirely, with investments exceeding pound 2.75 billion, or 25.89% of total AUM. Of these domestic investments, 70.4% are in Private Equity and 13.3% in Real Estate.
Investor categorisation data shows that the vast majority of UCITS investors are retail investors (99.1%), with a total of 8,819 investors. As for AIFs, AIFLNPs, and RAIFs, out of 3,639 investors, 62.9% were well-informed investors, 25.3% professional investors, and 11.8% retail investors.
Regarding investments by sector, during the second quarter of 2025, AUM in the Energy sector amounted to pound 446.1 million (4.20% of total AUM), Financial Technology (Fintech) to pound 106.3 million (1%), Shipping to pound 581.7 million (5.47%), and Sustainable Investments to pound 96.5 million (0.91%).