Intermediate Capital says "strong fundraising" lifts managed assets

(Alliance News) - Intermediate Capital Group PLC on Wednesday said the investment environment at ...

Alliance News 22 January, 2025 | 9:07AM
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(Alliance News) - Intermediate Capital Group PLC on Wednesday said the investment environment at the end of 2024 remained in line with other recent quarters, as it highlighted growth in assets under management.

The London-based asset manager reported "strong fundraising", totalling USD7.2 billion in the third quarter ended December 31, with USD22 billion raised in calendar 2024, more than double the amount raised the prior year.

Assets under management totalled USD107 billion as of December 31, of which USD71 billion was fee-earning, up 28% and 8.1% on-year respectively.

"We remain confident our balance sheet will continue to deliver in line with our guidance," ICG said, noting that at December's end it was valued at GBP3.07 billion, up from GBP2.96 billion.

Intermediate Capital shares were up 5.4% to 2,232.00 pence each on Wednesday morning in London.

By Tom Budszus, Alliance News slot editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Intermediate Capital Group PLC 2,254.00 GBX 6.42 -

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