Intermediate Capital Group PLC on Thursday reported a ‘resilient’ quarterly business performance, as assets under management rose.
As at June 30, total assets under management stood at $71.28 billion, up 9.3% from $65.24 billion a year before. Third-party AuM totalled $68.25 billion, and third-party fee-earning AuM totalled $58.77 billion.
The London-based asset manager said it had $18.5 billion third-party AuM available to deploy in new investments.
Chief Executive Officer Benoit Durteste said: ‘We remained active in the quarter. Fundraising was robust. Our pipeline remains constructive, particularly within direct lending where we are seeing a growing set of future deployment opportunities.’
ICG fundraised $4.5 billion in the quarter. The group said it has a total available liquidity of £1.4 billion as at June 30.
Shares down 1.7% at 1,447.50 pence each on Friday morning in London. The stock closed up 3.9% on Thursday.
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