ICG reports strong growth with AUM reaching $124 billion
Investing.com -- ICG PLC (LON:ICGIN) on Tuesday reported strong financial results for the six months ended September 30, 2025, with assets under management (AUM) reaching $124 billion and fee-earning AUM growing 6% to $84 billion during the half-year.
The alternative asset manager raised $9 billion in new funds during the period, primarily driven by European IX ($2.8 billion) and European Infrastructure II ($1.9 billion). Management fees increased 16% to £334 million compared to the same period last year.
Performance fee income reached £98 million, including a £72 million one-off transition impact due to a change in approach announced in October 2025. The company also reported realised performance fees of £62 million.
ICG’s balance sheet showed positive returns across all asset classes, with total balance sheet return of £112 million. Group profit before tax jumped to £352 million from £198 million in the same period last year, while earnings per share rose to 102.8p from 57.6p.
The company declared an interim dividend of 27.7p per share, up from 26.3p in the previous year, in line with its policy.
ICG also announced a strategic partnership with Amundi to accelerate the development and distribution of private markets products targeted at wealth investors.
"Our performance this period underlines ICG’s continued success in meeting our institutional clients’ demands for attractive investment returns across a range of differentiated strategies," said CEO Benoît Durteste. "In recent years we have deliberately focused on scaling higher-return strategies. This approach continues to have a positive impact on our client franchise, our market positioning, and the fee income we generate for our shareholders."
Looking ahead, the company noted that transaction pipelines appear encouraging for many of its investment teams, though discipline remains crucial in the face of an uncertain environment.
