LONDON (dpa-AFX) - Intermediate Capital Group plc or ICG (ICP.L) announced a 7% growth in assets under management since the end of September and a 13% rise since the start of the financial year to 12.9 billion euros, driven by good progress in fundraising for its mezzanine funds.
The company had a final close on ICG Europe Fund V at its maximum permitted size of 2.5 billion euros and a first close of 212 million pounds on ICG-Longbow Fund III, including 500 million euros and 50 million pounds, respectively, committed by ICG.
ICG also reported that its credit funds' performance are as expected, delivering strong returns in the context of a rising market.
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