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Trading statements

ICG assets under management rise

31 January 2017 08:05

ICG's total assets under management rose by 3% to €22.6bn in the three months to the end of December.

The group said the fundraising performance was in line with expectations, driven by a final close on the Asia Pacific Fund III and a further close on the Strategic Secondaries Fund.

The group said the investment portfolio reduced 4% in the quarter as the pace of realisations outstripped new investments made but the portfolio performance remained robust and funds were performing in line with expectations.

Chief executive Christophe Evain said: "I am pleased to report ICG's third quarter trading is in line with expectations.

"Third party assets under management grew further in the third quarter, with €0.6bn raised, resulting in total AUM increasing to €22.6bn.

"Both fundraising and capital deployment remain on track and we have visibility of good fundraising momentum through the next 12 months.

"Current market conditions are sustaining a positive trend favouring alternative asset classes which we are well positioned to capitalise on."

At 8:05am: (LON:ICP) Intermediate Capital Group PLC share price was 0p at 686.5p

Story provided by StockMarketWire.com

Related Company: ICP

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