ICG plc: Q3 Trading Statement - AUM Growth and Fundraising Success

ICG plc, a leading global alternative asset manager, has reported a strong Q3 trading statement for the nine months ended 31 December 2024, with notable growth in assets under management (AUM) and successful fundraising efforts. The company's AUM grew by 5.1% quarter-on-quarter (q-o-q) and 27.5% year-on-year (y-o-y), reaching $107bn. Fee-earning AUM increased by 2.8% q-o-q and 8.1% y-o-y, totaling $71bn. This robust performance can be attributed to ICG's differentiated client offering, market conditions, and platform investments.



ICG's fundraising success was particularly impressive, with $7.2bn raised in the quarter, more than twice as much as raised in calendar 2023. This strong performance was driven by flagship strategies such as Senior Debt Partners ($1.8bn) and Strategic Equity ($0.8bn), as well as scaling strategies that raised a total of $0.9bn. The company's balance sheet investment portfolio generated positive net investment returns (NIR) across all asset classes and net cash realisations during the quarter, further enhancing its reputation and attractiveness to clients.



ICG's investment activity and deployment strategy have also contributed to its overall performance. The company deployed $7.9bn during the quarter, with particularly strong activity within Senior Debt Partners ($1.9bn). This active investment approach has helped ICG to generate attractive returns and raise significant amounts of client capital. The company's structured capital, secondaries, and real assets strategies, which account for ~55% of its fee-earning AUM, have experienced higher levels of investment activity than recent periods.



In conclusion, ICG plc's Q3 trading statement demonstrates the company's strong performance in AUM growth and fundraising. Its differentiated client offering, market conditions, and platform investments have driven this success. With a positive outlook for the future, ICG is well-positioned to continue its growth trajectory and deliver value to its clients and shareholders.