ICG Posts Q3 Fee-Earning AUM Growth and Bolsters Balance Sheet Strength

Intermediate Capital ( (GB:ICG) ) has issued an update.

ICG reported a solid third quarter to 31 December 2025, with fee-earning assets under management rising 1% in the period and 11% year-on-year to $85bn, within total AUM of $127bn. The group raised $4.4bn in new capital, driven by flagship strategies including Europe IX, Metropolitan II and LP Secondaries II, and maintained a substantial $36bn of dry powder, of which $19bn is not yet earning fees. Transaction activity showed a modest recovery across asset classes, contributing to a positive total balance sheet return at both quarterly and year-to-date levels. Liquidity remained strong at £1.4bn and net financial debt fell to £239m from £401m, reinforcing balance sheet resilience as ICG continues to deploy capital selectively while expanding its fee base across structured capital, secondaries, real assets and private debt.

The most recent analyst rating on (GB:ICG) stock is a Hold with a £2250.00 price target. To see the full list of analyst forecasts on Intermediate Capital stock, see the GB:ICG Stock Forecast page.

Spark’s Take on GB:ICG Stock

According to Spark, TipRanks’ AI Analyst, GB:ICG is a Outperform.

Intermediate Capital Group’s strong financial performance, attractive valuation, and positive earnings call sentiment contribute to a robust stock score. The strategic partnership with Amundi and growth in higher-return strategies are significant strengths. However, potential liquidity issues and high leverage pose risks that should be monitored.

To see Spark’s full report on GB:ICG stock, click here.

More about Intermediate Capital

Intermediate Capital Group (ICG) is a London-listed global alternative asset manager with $127bn in assets under management as of 31 December 2025. Operating from more than 20 locations worldwide, it invests client capital across structured capital, private equity secondaries, private debt, credit and real assets, partnering with management teams and business owners through flexible, solutions-focused financing.

Average Trading Volume: 893,226

Technical Sentiment Signal: Buy

Current Market Cap: £5.72B

See more data about ICG stock on TipRanks’ Stock Analysis page.