Half Year Results 

Intermediate Capital beats fundraising target

Intermediate Capital beats fundraising target

Rising interest rates should theoretically reduce the attractiveness of alternative assets, but Intermediate Capital (ICP) is not suffering any pull-back in demand yet. The specialist asset manager – which invests across a range of debt, private equity and real estate via closed-ended funds – surpassed its €6bn (£5.31bn) annual fundraising target by around €100m during the first-half. Overall assets under management were up 17 per cent to €33.6bn, with around €26bn third-party fee-earning.

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