Sterling Investment Management

Intermediate Capital Group

Private equity investment specialist Intermediate Capital Group (ICG) continues its success. As per the latest Q3 trading statement, for the nine months ended 31 December 2022, fee-earning AUM was $61bn – compound annual growth of 23% over the last 5 years.

Fundraising of $2.8bn during the quarter, implying a total of $8.5bn was raised in the nine months since 31 March 2022. ICG is on track to meet its accelerated fundraising target of at least $40bn in aggregate between 1 April 2021 and 31 March 2024. Given uncertain times, its balance sheet is liquid with no less than £1.3bn readily available.

It is amazing to see how this company has matured over the last decade and now competes with KKR and Blackstone – on American soil – and yet triumphs. An excellent example of a solid British company, that is truly global.

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