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.