ICG plc Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2025 results featured 6% fee earning AUM growth to $84B, 16% higher management fees, and a strategic Amundi partnership to accelerate private wealth expansion. Higher-return strategies now drive 57% of AUM, with robust cash flow and disciplined capital allocation.
Fiscal Year 2025
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Fee-earning AUM has doubled in five years, with a strategic shift to higher-return, higher-fee strategies. Performance fee recognition will now be more transparent, with a one-off uplift and upgraded guidance for both performance fees and operating margin.
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A record year saw $24B raised, 19% growth in management fees, and strong profit and cash flow. Despite a challenging fundraising environment, fee-earning AUM rose 8% and the firm secured $32B in dry powder, positioning for continued growth and resilience.
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Strategic Equity V closed at $11 billion, doubling the prior vintage and reinforcing a leading position in single-asset GP-led secondaries. The strategy delivers 25% net IRR, maintains strong alignment with sponsors, and is poised for continued growth as the market expands.
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Near-record fundraising drove AUM to $106 billion, with strong growth in management fees and client numbers. Leading positions in direct lending and secondaries, robust financial metrics, and strategic diversification enabled outperformance despite a challenging private markets environment.