Private equity investment specialist Intermediate Capital Group released its annual report for the year to 31 March 2022. During the period, fundraising remained strong, with the company attracting $22bn of new capital in the first few months of its FY 22, with total assets standing at $72bn at the end of the period.
Further, in its Q1 trading statement for the three months ended 30 June 2022, the company reported that its Europe VIII fund closed at €7.8bn (ahead of the target €7bn) and its Strategic Equity IV Fund closed at $4.2bn. The Funds are raised across borders hence the figures are in different currencies. The experienced team ensures investments are made with downside protection and the total liquidity in the balance sheet stands at £1.4bn.
Over the last 5 years, third-party assets have grown at an annualised rate of 16% as large pension schemes are finally recognising ICG’s expertise.