Alternative asset manager ICG has announced its assets under management (AUM) jumped 11 per cent in the 12 months to March 2026 to $126bn (£93.7bn), with fee-earning AUM reaching $87bn.
The company said it saw fundraising hit $17bn over the year, exceeding expectations, with dry powder of $36bn. It reported management fees Management fees of £685m, up 13 per cent year-on-year.
“FY26 was a strong year for ICG. We reinforced our scaled competitive position, established a strategic relationship with Amundi, and built on our track record of strategic and financial resilience,” said Benoît Durteste, chief executive of ICG.
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“In an environment where liquidity and selectivity matter more than ever, we have maintained a disciplined approach to investments, with particular focus on cash realisations.”
He added that Europe IX is expected to be ICG’s first-ever commingled fund to reach €10bn (£8.7bn) in size, and it is continuing to raise, while the final closes for Infrastructure II and Metropolitan II mean the firm has now had six funds close at or above their target in the last 24 months.
“This approach has translated into strong financial results, including fee-related earnings £350m, up 23 per cent in the year, and group operating cashflow of £861m,” he said.
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“We are experiencing clear demand from institutional allocators globally for our strategies, and are unaffected by challenges being faced by certain evergreen vehicles in the US. I believe ICG is well positioned to continue generating compounding long-term shareholder value.”
