Intermediate Capital Group PLC on Wednesday said the investment environment at the end of 2024 remained in line with other recent quarters, as it highlighted growth in assets under management.

The London-based asset manager reported ‘strong fundraising’, totalling $7.2 billion in the third quarter ended December 31, with $22 billion raised in calendar 2024, more than double the amount raised the prior year.

Assets under management totalled $107 billion as of December 31, of which $71 billion was fee-earning, up 28% and 8.1% on-year respectively.

‘We remain confident our balance sheet will continue to deliver in line with our guidance,’ ICG said, noting that at December’s end it was valued at £3.07 billion, up from £2.96 billion.

Intermediate Capital shares were up 5.4% to 2,232.00 pence each on Wednesday morning in London.

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