Business
Q3 Trading Statement for the period to 31 December 2025
21 January 2026 ICG plc Q3 Trading Statement for the period to 31 December 2025 Highlights AUM of $127bn; fee-earning AUM of $85bn, up 1%1 in the quarter, up 11%1 year-on-yearDry powder of $36bn, of which $19bn is not yet earning feesFundraising of $4.4bn, including Europe IX ($1.6bn), Metropolitan II ($0.6bn) and LP Secondaries II ($0.3bn). LP Secondaries II expected to be activated and fee-earning in the coming quarters. Remaining fundraising largely due to Credit ($0.8bn)Closed-end funds and
About this update from Icg Plc
21 January 2026 ICG plc Q3 Trading Statement for the period to 31 December 2025 FOREIGN EXCHANGE RATES This results statement may contain forward looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of their approval of this report and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward looking information. Unless otherwise stated the financial results discussed herein are on the basis of alternative performance measures (APM) basis; see full year results. COMPANY TIMETABLE ENQUIRIES ABOUT ICG ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn . *As at 31 December 2025.