For the second quarter ended June 30, Fiera Capital Corporation has reported assets under management of $139.4 billion, up from $125.7 billion a year earlier and $131.4 billion last quarter.

The firm attributes that growth to net new client inflows and its May acquisition of CGOV Asset Management, as well as “positive market performance,” said Jean-Guy Desjardins, CEO, in a press release. He pointed to Fiera’s private alternative investments division, which is “gaining in scale.”

Read: UPDATED: Fiera Capital’s Canada private wealth AUM to exceed $6B after CGOV buy

When the CGOV Asset Management deal closed, the Ontario-based firm had $5 billion in AUM, which contributed to the quarter-over-quarter $8-billion increase in Fiera’s AUM, according to management’s discussion and analysis document for the quarter.

During the quarter, the release said, the firm “won $1.8 billion in new mandates, namely in the institutional and private wealth sectors” even while it lost $1.3 billion in mandates, and was it was positively impacted by “fluctuations in foreign exchange” and market appreciation.

Revenues for the second quarter were $126.2 million, up $16.9 million or 15% compared to a year earlier. Organic growth, combined with market appreciation were contributing factors, along with revenues from the new Fiera Capital Emerging Markets fund.

However, the firm also reported a net earnings loss of $2.1 million or $0.02 per share, versus $0.9 million or $0.01 per share a year earlier.

The board of directors has declared a dividend increase to $0.20 per Class A subordinate voting share and Class B special voting share of Fiera Capital.