Intermediate Capital Group AuM grows in Q2
Investment firm Intermediate Capital Group Plc said on Wednesday that assets under management had grown in the three months ended 30 June, improving from $112.35m to $122.57m.
Intermediate Capital said fee-earning AuM came to $82.19bn, up 4% quarter-on-quarter and 11% year-on-year, while AuM not yet earning fees were $19.1bn.
The FTSE 250-listed firm noted that fundraising in the quarter came to $3.4bn, driven by its Europe IX and Infrastructure Europe II funds.
Intermediate Capital also highlighted that the investment landscape "remains very attractive" for a number of strategies, including structured capital, secondaries and real assets equity
As of 0820 BST, ICG shares were up 0.71% at 1,991.00p.
Reporting by Iain Gilbert at Sharecast.com
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