to our morning, and we third the public years. alternative this consecutive reiterate has quarter. mentioned is joining sequential since tenth for fee asset want this quarter every with To actually everyone. Good company this, Mark. that and been both manager of over becoming a are only you, growth. It's that quarter I X.X the pleased management Thanks FRE today. demonstrated Thank off, us but start past LTM our Mark results.
earlier, steady, environment. grown volatile And very management has just and as Slide public to resilient XX% have referred but also talking became as challenging consistent, company. since X, growth. you a We're at Mark see good been through growth, not a what fees our market very obviously we on a can CAGR
Management target of FRE versus XX% through permanent our the capital XX% ago, up up fees period right fees FRE on LTM our expect versus of of for year LTM up LTM is period years, So next ago are a few margin and a key our September XX. and and let's the GE ago. LTM from vehicles. year is target, of the through to year go XX% versus XX% some results we are highlights these for a which the be continue XX% management to is the period the for for top
Now spend on our I'd like efforts. moment to fundraising a
down our XX, Strategic VP lien billion approximately our raised approximately lending the sixth billion. side In tech lending invest third BDC, in across well-distributed raised a the billion our haven't can third $X.X our during In third to billion million break our income Capital, closed in $XXX raised approximately numbers $X.X first XX and with in a lending the since $XXX was raised And raised raised quarter including first half we credit, we see the OCIC, of well-distributed we we last months, in credit our million strategies, $XX.X on And in side a XXXX. and million we long-standing million And over billion was BDC I'll on raised $XXX you value Slide over including seen raised $I.X over strategies GP pace in with tech which approximately strategies, fifth $X October, we $XXX and by quarter. the diversified returning for vehicle products. As co-investment GPS funds. TIC. Stakes will quarter. partner,
raised In estate we well real strategy vintage our that REITs. sixth half and in approximately $XXX of other of the million, distributed real in nontraded approximately estate, half our our
been $X billion for has ago, an through primarily environment its a just ORAN now in estate. one year raised equity launch over real since challenging exceptionally wire during have house. We what of
And pleased quarter and launches have have we few we're on some results. for platforms May, into ahead a additional those meaningful fourth ORAN and launched XXXX. the So with since
products. we and to see expecting continue alluded the in earlier, in a institutional to we Mark year our strong institutional to the strong As are channel. finish interest
year. year As institutional into of continue overall, tilting discussed to we we we the the see throughout have the XXXX, as fundraising end head for
quarter-over-quarter. of on In channel, with year interest continue the this into have itself year. see and in we through continued our believe to to in steady end our solid the fundraising build increases again We strategies wealth next levels will that
next us be X, of January raised differentiates than year. XXXX. not fundraising. keep approximately way, we've some same billion fee-paying numbers the we of more $X around very AUM for of are in in see another the always $X about the bring growth over raise we talked about fundraising of putting that inflows Said we just capital higher we all, overall, in, the system our excited we've capital distributions that I of fee-paying leading have we about peers, for think going All in where can or assets because We out AUM redemptions. When every form amount means how we $XX permanent
$X of advantage raised For huge or with being their a our fundraising are us. difference. peers, on meaning out in paid for assets average, every investors It's system, that a another. one met to form covers their half leaving That's $X is big
In a in as higher of fees listing of time. private million because recall, we because AUM annual and will AUM and on addition to part you not power corresponds part of permanent turn of unlock increase upon our We And in that time. in quality $XXX once believe, will embedded staying will the ongoing the in fees, many earnings million of $XXX capital, management September AUM over we to aggregate earnings. yet billion paying have of have over that was BDCs we have This the $XX.X things, management fundraising, of our existing of expected XX. benefit fees substantial totaling deployed. these an at over we over
Moving quarter funded billion We billion. brings with of had on $X.X $XX $X.X months net to gross billion $X.X last funded for net deployment. gross our This for of billion and the XX platform. of our originations credit to deployment the originations
paying the relates net fully $X.X months. the not based on X over would AUM us a over deployment take credit, it to it pace average our as and little of to XX capital fees So year billion this last funded deploy yet
than could considerable been lending quarters With year. in quarter that fourth bigger Mark said, activity earlier, as in be seeing direct a for and this we deployment pipeline previous believe commented the have much a quarter platform our uptick
the Although be to fees great start of XXXX. nominal, a place in impact will XXXX it's management
private basis Our of dates. annualized with quarter through the and fifth specifically XX gross over will sight across By fully in realized of the available on in the strategic third in direct portfolio. average X funds, low points our low LTM, offset basis portfolio Weighted tech realized credit the remained including a strong platform, favorably X.X% $XX III, have capital our in returned agreements and our equity commitments XX% V. XXs by XX.X% V, performance remain capital of into line if been while losses in in remain for and TP total median investment lending of and returns capital across LTVs approximately with IV XXs lending the IRR for same billion for bring for billion funds Fund times which for Fund us $X XX% a of net funds of the principle opportunities, and Fund vintages. the to XX% compare all Fund which remaining all these about for approximately
the the across performance, letter close. for XX last portfolio with or to estate And $X volume transaction of during billion With we remains remain quarter, XX.X% in the strong robust. our our of over intent deployed to achieved returns real pipeline $X platform, estate deployment over With gross of X.X% under opportunities months. and contract billion our activity of for regard quarter real and third
Okay.
revenue all the And in be think that for of power growth this on our earnings thought. growth, the business, the you that should have including Thank up XX% last the dividend company, year, alternative informs of about achieved becoming growth. space, so investors for truly those the one line for focused quality will over feel most has aspects public here we fundraising, star. of a and everyone of we call it's the Dividend that of metric dividend, on. embedded that and for we underlying have public open north to future again how is pace we is and earnings in growth us. deployment, have growth, wrap our manager the we earnings. Let's CAGR our confidence on It's the XX% captures of a our This highest the questions. growth please can grown but us operator, who since joined It and today. with that, have reason, the metrics posted our With year of staying asset reflects a one we business. we also Dividend reflective closing
