By Iain Gilbert
Date: Wednesday 21 Jan 2026
(Sharecast News) - Private equity investor Intermediate Capital Group said on Wednesday that assets under management came to $127bn in the third quarter, with fee‑earning AUM rising to $85bn - up 1% on the period and 11% year‑on‑year on a constant‑currency basis.
ICG, which held $36bn of dry powder at quarter‑end, including $19bn not yet earning fees, stated fundraising totalled $4.4bn, with active fundraising during the period including its Europe IX, LP Secondaries II, Asia‑Pacific Infrastructure I and Real Estate equity mandates.
The FTSE 100-listed firm noted that transaction activity continued to show a modest recovery, though with variation across asset classes, with its total balance sheet return positive at both the quarterly and year‑to‑date level.
ICG added that available liquidity stood at £1.4bn, up from £1.3bn at the half‑year, while net financial debt fell to £239m from £401m at H1 FY26.
As of 0850 GMT, ICG shares were up 1.78% at 2,056p.
Reporting by Iain Gilbert at Sharecast.com
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