Key facts
- ICG reported total assets under management of $145bn as of September 30, 2026.
- Fee-earning assets under management reached $90bn, up 9% over twelve months on a constant currency basis, ICG said.
- ICG reported fundraising of $7.6bn and net additions to fee-earning assets under management of $4.7bn over the six months.
- ICG said Europe IX closed at €12bn, which it described as the largest structured capital fund ever raised globally, citing Preqin.
- ICG reported financial management fees of £374m, up 12% year on year, and fee-related earnings of £199m, or 68p per share.
- ICG declared an interim dividend of 29.0p per share and set a target of zero net debt over the medium term.
ICG reported total assets under management of $145 billion and fee-earning assets under management of $90 billion in an interim results statement for the six months ended September 30, 2026, published on November 11, 2026. The fee-earning figure was up 9% over the last twelve months on a constant currency basis, ICG said.
The asset manager reported fundraising of $7.6 billion over the six months and net additions to fee-earning assets under management of $4.7 billion. It said its Europe IX structured capital fund held a final close at €12 billion, materially oversubscribed, and described it as the largest structured capital fund ever raised globally, citing Preqin data as of September 7, 2026.
ICG reported financial management fees of £374 million, up 12% year on year, and fee-related earnings of £199 million, or 68p per share, up 18% year on year on a per-share basis. Performance fee income was £24 million, with realised performance fees of £18 million. The balance sheet portfolio stood at £2,591 million, net debt at £93 million and total available liquidity at £1,431 million.
ICG announced a target of maintaining zero net debt over the medium term and reaffirmed its progressive dividend policy, declaring an interim dividend of 29.0p per share. Chief investment officer and CEO Benoît Durteste said: "ICG is in an exciting period of inflexion." He said the company prioritises profitable organic growth and that "the bar to M&A remains very high."