Intermediate Capital Group AuM grows in Q2

(Sharecast News) - Investment firm Intermediate Capital Group 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