Business
ICG: Final Results for the financial year ende...
ICG: Final Results for the financial year ende....
About this update from Icg Plc
[{"type":"text","content":"\n \n \n ICG: Final Results for the financial year ended 31 March 2022\n \n \n \n \n \n \n \n 26 May 2022\n Final Results for the financial year ended 31 March 2022\n \n \n \n \n \n \n A defining year in the development of ICG; \n accelerating fundraising guidance\n \n \n \n \n \n \n Highlights\n \n Defining year in growing our client base and investment strategies, ICG is operating at an increasing scale across our platform and now manages Total AUM of $72bn\n Record fundraising: $22.5bn raised across a broad range of emerging and established strategies\n Third-party fee-earning AUM grew 30% on a constant currency basis to $58bn\n Third-party fee income: £449m during the period, an increase of 34% compared to FY21\n Fund Management Company: profit before tax of £286m, an increase of 41% compared to FY21\n Total dividends for FY22 of 76p per share, an increase of 36% compared to FY21 and the twelfth consecutive annual increase in ordinary dividend per share\n NAV per share of 696p (31 March 2021: 566p) and Group EPS of 187.6p (FY21: 162.3p)\n Net gearing of 0.45x; long-term objective of zero net gearing\n Accelerating fundraising guidance by a year due to confidence in outlook and execution: now at least $40bn fundraising in aggregate between 1 April 2021 and 31 March 2024 (a year earlier than previously guided)\n Note: unless otherwise stated the financial results discussed herein are on the basis of Alternative Performance Measures - see page 2\n \n \n \n \n \n \n \n \n Andrew Sykes\n \n \n Benoît Durteste\n \n \n \n \n \n \n \n Interim Chairman\n \n \n CEO and CIO\n \n \n \n \n \n \n Our consistent strategic focus on growing and broadening our platform is increasingly demonstrating tangible value and reinforcing our attractive strategic positioning within our chosen markets. We take a long-term view in managing the business. The record results we are announcing for FY22 build on the work we have done in prior years, and position us well for the years ahead.One of the many qualities of the ICG business model is its resilience during periods of macro-economic and geopolitical volatility. We have demonstrated this over many years, and I am confident that we can successfully navigate complex economic environments.\n \n This has been a defini...