Intermediate Capital Group plc: Q3 trading statement for the nine months ended 31 December 2024

Performance Overview - AUM reached $107bn, showing a 5.1$71bn, with a 2.8% quarter-on-quarter growth and an 8.1% year-on-year increase [4] - The company raised $22bn in the last twelve months, more than double the amount raised in calendar 2023 [6] Fundraising and Deployment - Q3 FY25 fundraising totaled$7.2bn, with $21.8bn raised over the last twelve months [4] - Deployment in Q3 FY25 was$3.0bn, with $12.7bn deployed over the last twelve months [4] - Realisations in Q3 FY25 were$2.4bn, with $6.8bn realised over the last twelve months [4] Business Segments - Structured and Private Equity:$5.3bn raised in Q3 FY25, $10.1bn over the last twelve months [4] - Private Debt:$0.2bn raised in Q3 FY25, $6.6bn over the last twelve months [4] - Real Assets:$0.7bn raised in Q3 FY25, $1.5bn over the last twelve months [4] - Credit:$1.0bn raised in Q3 FY25, $3.6bn over the last twelve months [4] AUM Breakdown - Fee-earning AUM:$71.1bn, with $31.9bn in Structured and Private Equity,$14.4bn in Private Debt, $7.4bn in Real Assets, and$17.5bn in Credit [7] - AUM not yet earning fees: $19.5bn, with$4.4bn in Structured and Private Equity, $14.0bn in Private Debt,$0.8bn in Real Assets, and $0.4bn in Credit [7] - Fee-exempt AUM:$12.7bn, with $8.4bn in Structured and Private Equity,$1.3bn in Private Debt, and $3.0bn in Real Assets [7] Balance Sheet and Liquidity - Balance sheet investment portfolio valued at £3,067m at 31 December 2024, up from £2,957m at 30 September 2024 [12] - Total available liquidity of £1.1bn at 31 December 2024, up from £0.9bn in H1 FY25 [12] ESG and Corporate Governance - AAA ESG rating awarded by MSCI for the fourth consecutive year [6] - Membership of the Dow Jones Sustainability Index (Europe) for the second consecutive year [6] - Sonia Baxendale joined the Board as a Non-Executive Director in January 2025 [6] Foreign Exchange Impact - Stronger US Dollar at 31 December 2024 compared to 30 September 2024 impacted the US Dollar value of non-US Dollar funds [8] - Management fees are received in the fund currency, mitigating some of the FX impact [8] Future Fundraising - Actively fundraising for Strategic Equity V, Europe Mid-Market II, Europe IX, Core Private Equity, European Infrastructure II, and various Real Estate strategies [11] - Anticipated final closes for Strategic Equity V and Europe Mid-Market II before the end of FY25, subject to market conditions [11] Company Timetable - Shareholder seminar on ICG Strategic Equity to be held online on 5 March 2025 [6] - Full year results announcement scheduled for 21 May 2025 [14]