16th Jul 2025 09:11
(Alliance News) - Intermediate Capital Group PLC on Wednesday said the investment landscape remains "very attractive" as it reported an increase in assets under management in its financial first quarter.
The London-based private equity investment firm said assets under management were USD122.58 billion on June 30, the end of its financial first quarter, up 9.1% from USD112.36 billion on March 31, or by 3% at constant currency.
Year-on-year, AUM increased 22% from USD101.00 billion, or by 15% at constant currency.
Fee-earning AUM increased 9.4% to USD82.19 billion from USD75.13 billion at March 31, or by 4% at constant currency. Year-on-year, fee-earning AUM increased 17% from USD69.57 billion, or by 11% at constant currency.
ICG reported fundraising in the quarter of USD3.4 billion, driven by Europe IX and Infrastructure Europe II.
At June 30, Infrastructure Europe II had a total fund size of EUR2.5 billion and ICG expects to close a further EUR0.6 billion before the end of the current quarter, reaching the "hard cap" for the strategy.
Europe IX has had an "impressive" start to the fundraise, with global demand from current and new clients, ICG said. At June 30, the total fund size was EUR5.8 billion.
The investment landscape remains "very attractive" for a number of strategies, including structured capital, secondaries and real assets equity, ICG commented.
Shares in Intermediate Capital Group were up 0.1% at 1,978.00 pence in London on Wednesday.
By Jeremy Cutler, Alliance News reporter
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