Intermediate Capital (GB:ICG) has released an update.
Intermediate Capital Group (ICG) showcased robust financial growth in FY24, with a notable 11% increase in fee-earning AUM to $70 billion and a 21% rise in Fund Management profit before tax. Boasting a 13% net investment return and marking their 14th consecutive annual dividend increase, ICG also set an ambitious target to raise at least $55 billion over the next four years. The firm credits its success to a strong business model and diverse product offerings that address client needs in the current market.
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