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Intermediate Capital Group PLC on Thursday reported a rise in assets under management, as it noted sound capitalisation and a ‘valuable’ balance sheet. The London-based asset manager said total assets under management rose 6.5% to $86.3 billion as at December 31 from $81.0 billion at September 30. Fee-earning AuM rose 6.5% in the quarter on a reported basis, the company added. It highlighted that it had a deployment of $2.9 billion in the quarter with a ‘particularly’ strong activity within senior debt partners of $1.8 billion. Intermediate Capital said it had a ‘well capitalised and valuable balance sheet’ with an investment portfolio of £3.1 billion as at December 31, up from £3.0 billion at September 30, and total available liquidity of £1.1 billion, up from £1.0 billion over the three months. Intermediate Capital shares rose 3.3% to 1,690.50 pence each on Thursday morning in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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