During the third quarter of 2025, the number of Management Companies and Undertakings of Collective Investments was 312, with the assets under management recording an increase of 7.5% at €11.4b.
Based on the quarterly statistics bulletin for the third quarter of 2025 issued by the Cyprus Securities and Exchange Commission (CySEC), which presents the most important data for the Collective Investments sector in Cyprus, CySEC supervised 312 Management Companies and Undertakings of Collective Investments (UCIs), as opposed to 323 during the same period of the previous year.
The total number of 312 entities includes 217 Externally Managed UCIs, 29 Internally Managed UCIs, and 66 External Fund Managers. The total number of Management Companies includes 46 AIFMs, 44 Sub-threshold AIFMs, 2 UCITS Management Companies, and 3 dual license entities (AIFMs and UCITS Management Companies).
Based on the data for the third quarter of 2025, the Total Assets Under Management amounted to €11.4 billion, recording a 7.5% increase compared to the second quarter of 2025. Furthermore, the UCIs, managed by the Management Companies, had a Net Asset Value of €10.1 billion.
The 63% of the Assets Under Management are related to assets managed by the AIFMs, 17% by AIFMs and UCITS Management Companies. Furthermore, 10% related to UCITS Management Companies, 9% to Sub-threshold AIFMs, and 1% to Regulated UCIs managed by Foreign Fund Managers.
The 85.8% of UCITS’ Assets Under Management was invested in Transferable Securities, 10.9% in UCITS and other UCIs, while 3.2% in bank deposits.
Regarding AIFs, AIFLNPs and RAIFs, 30.7% of the Assets Under Management related to investments in Private Equity, while 17% was invested in Real Estate. Investments in Hedge Funds account for 14.5%, Investments in Funds of Funds constitute 9.7% of the total AUM, while the remaining 28.1% is classified as “Other”.
As regards to the investments in Private Equity, 38.9% concerned multi-strategy capital, 34.1% related to investments in Growth Capital, 16.9% invested in venture capital, and 0.5% to mezzanine financing.
With respect to investments in the category “Other”, 36.1% invested in equity capital, 15.3% in fixed income, 8.2% in cash and cash equivalents, with infrastructure and commodities following at smaller percentages of 2.1% and 1.8% respectively.
The 69.7% of the total AUM is held by 205 UCIs domiciled in Cyprus (11 UCITS, 51 AIFs, 40 AIFLNPs and 103 RAIFs). From the total 230 UCIs with operations, 165 invest in Cyprus partially or entirely, and these investments amount to over €2.8 billion, or 24.8% of the total Assets Under Management. The 71.1% of the investments in Cyprus are in Private Equity, while 12.8% are in Real Estate.
From the categorisation of UCITS investors, it is found that the vast majority are retail investors (99.2%), with a total of 8,727 investors. As for AIFs, AIFLNPs and RAIFs, out of 3,674 investors, 64.7% are well-informed, 26% are professional, and 9.4% are retail investors.
Regarding specific sectors that UCIs invested in, during the third quarter of 2025, AUM in the Energy sector amounted to €471.6m (4.13% of total AUM), while €106.9m was invested in Fintech (0.94% of total AUM), €581.8m in Shipping (5.09% of total AUM) and €97.9m in Sustainable Investments (0.86% of total AUM).
The Quarterly Statistics Bulletin is available here.
