21st May 2026 09:37
(Alliance News) - ICG PLC on Thursday reported an increased total dividend, as it said it is experiencing "clear demand" from institutional allocators globally.
The London-based private equity asset manager reported assets under management of USD126 billion as at March 31, up 13% from USD112.5 billion a year prior. Fee earning AuM was USD86.5 billion, up 15% from USD75.1 billion.
ICG reported USD17 billion of fundraising for the financial year, exceeding its expectations.
Chief Executive & Chief Investment Officer Benoit Durteste noted "the successful final closes for Infrastructure II and Metropolitan II mean we have now had six funds close at or above their target in the last 24 months."
ICG reported management fees of GBP684.8 million, up 13% from GBP603.8 million, with fee-related earnings rising 23% to GBP349.5 million from GBP283.6 million.
Performance fees were up 47% to GBP127.0 million from GBP86.2 million.
Total revenue for the financial year was GBP1.04 billion, up 15% from GBP970.9 million, while pretax profit grew 11% to GBP588.2 million from GBP530.5 million.
The company proposed a final dividend of 59.3p per share, up 4.6% from 56.7p. This brought its total dividend to 87p, up 4.8% from 83p.
Shares in ICG were down 0.7% at 1,820.00 pence on Thursday morning in London.
"FY26 was a strong year for ICG. We reinforced our scaled competitive position, established a strategic relationship with Amundi, and built on our track record of strategic and financial resilience," commented CEO & CIO Durteste.
"We are experiencing clear demand from institutional allocators globally for our strategies, and are unaffected by challenges being faced by certain evergreen vehicles in the US. I believe ICG is well positioned to continue generating compounding long-term shareholder value."
By Christopher Ward, Alliance News reporter
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