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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 $122.58 billion on June 30, the end of its financial first quarter, up 9.1% from $112.36 billion on March 31, or by 3% at constant currency. Year-on-year, AUM increased 22% from $101.00 billion, or by 15% at constant currency. Fee-earning AUM increased 9.4% to $82.19 billion from $75.13 billion at March 31, or by 4% at constant currency. Year-on-year, fee-earning AUM increased 17% from $69.57 billion, or by 11% at constant currency. ICG reported fundraising in the quarter of $3.4 billion, driven by Europe IX and Infrastructure Europe II. At June 30, Infrastructure Europe II had a total fund size of €2.5 billion and ICG expects to close a further €0.6 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 €5.8 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. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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