February 1, 2018 / 7:19 AM / 22 days ago

Intermediate Capital Group Q3 assets up 1 pct, ups fundraising target

LONDON, Feb 1 (Reuters) - Fund manager Intermediate Capital Group said total assets grew 1 percent in the third quarter and strong demand meant it was raising its fundraising target to 6 billion euros a year.

The company, which invests in a range of private debt, credit and equity markets, said total assets at the end of December were 27.4 billion euros ($33.94 billion).

Third-party fee earning assets, however, were 7 percent higher at 19.9 billion euros, it said in a statement. ($1 = 0.8073 euros) (Reporting by Simon Jessop)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below