1 For Macquarie Asset Management (MAM) Private Markets, AUM represents the enterprise value of assets under management in the stated currency based on enterprise value in proportion to the MAM Private Markets-managed equity ownership of each investment, calculated as proportionate net debt and equity value at most recent valuation date (30 September 2021 for the majority of assets).
MAM Private Markets defines EUM as market capitalisation, plus fully underwritten or committed future capital raisings for listed funds and committed capital, less any called capital returned to investors for unlisted (private) funds. This includes capital invested in other MAM Private Markets-managed businesses. For jointly managed funds, the amount is representative of MAM Private Markets’ economic ownership of the joint venture manager. Adjustments are made when MAM Private Markets-managed funds invest in other MAM Private Markets-managed funds.