D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
Investing.com -- Intermediate Capital Group (LON:ICGIN) reported assets under management (AUM) of $123 billion for the first quarter, including $82 billion in fee-earning AUM and $19 billion in AUM not yet generating fees.
For the quarter ended June 30, 2025, fee-earning AUM rose 4% quarter-on-quarter and 11% year-on-year.
The firm raised $3.4 billion in the quarter, led by strong inflows into Europe IX and Infrastructure Europe II. Europe IX attracted $1.5 billion (€1.3 billion), while Infrastructure Europe II raised $1.2 billion (€1.0 billion) during the period.
"Focus from LPs on liquidity and investment performance is continuing to drive manager selection," Intermediate Capital Group said in the release.
Infrastructure Europe II has continued to show strong momentum, with a total fund size of €2.5 billion by the end of June.
The firm expects to close a further €0.6 billion in the current quarter, taking the fund to its hard cap. Europe IX also saw solid early demand, reaching €5.8 billion at quarter-end, supported by global interest in its private equity-style returns with downside protection and high DPI.
ICG said the current investment environment remains "very attractive for a number of strategies, including structured capital, secondaries and real assets equity."