Good afternoon or good morning, everyone. Thank you for joining us for this Nine Month Update. I’m here with Olivier Allot and Lucile Roch from our IR team and Benoit Drillaud, our CFO. Let’s start with the key highlights from the first nine months. We have seen a lot of positive developments, especially in our principal investment portfolio, where we experienced a consolidated net sales growth of 8.9% organically. This is a significant achievement for us.
Additionally, our asset management sector, particularly IK Partners, has shown strong growth, increasing their fee paying assets under management by 19% year-to-date and raising €1.8 billion in the first nine months of 2024. With the recent acquisition of Monroe Capital, Wendel now manages €40 billion in assets, a substantial increase that we expect to further enhance our position in the market.
Our fully diluted net asset value at the end of September reached €184.5 per share, marking a 13.7% increase from the end of December 2023. This demonstrates the overall growth and stability of our assets. When considering our loan-to-value ratio pro forma, taking into account the acquisition of Monroe Capital, we have adjusted our loan-to-value to reflect this transaction, showing a healthy financial position.
Looking ahead, we remain optimistic about our growth prospects and are confident in our ability to continue delivering value to our shareholders. We are committed to maintaining a strong financial position and pursuing strategic investments that will drive future success. Thank you for your continued support and confidence in Wendel. We look forward to updating you on our progress in the coming months.
