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Intermediate Capital reported a 4% increase in total assets under management as its new Europe Mid-Market strategy attracted significant inflows.
Total AUM was up 4% on 31 March 2019 to €38.6bn, with €2.1bn of new money raised in the first quarter.
New money raised included €0.8bn for its new Europe Mid-Market fund and €0.6bn of segregated mandates raised for its Senior Debt Partners strategy, the company said.
Third party fee earning AUM rose 5% to €31.0bn, compared to the quarter ended 31 March.
Our new Europe Mid-Market strategy - an offshoot of our successful European Corporate fund strategy - has attracted significant inflows, demonstrating our ability to identify attractive new, adjacent strategies for our clients,' the company said.
'We are making good progress with our two other newer strategies, Infrastructure Equity and Sale & Leaseback, and remain alert to the growth opportunities that will come from expanding our more mature strategies.'
At 10:03am: (LON:ICP) Intermediate Capital Group PLC share price was +18.5p at 1430.5p