Q1 Trading Statement for the three months ended 30 June 2023

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Fee-earning AUM +2% in the quarter, positive momentum across ICG platform


  • Total AUM of $82.1bn; fee-earning AUM ($64.1bn) +2% in the quarter, +18% annualised over the last five years1
  • Fundraising of $2.6bn including $1bn for Strategic Equity V; $0.6bn for Europe Mid Market II2; and $0.6bn in Private Debt. Fundraising guidance maintained
  • Senior Debt Partners V, our flagship direct lending strategy, performing strongly: nine transactions totalling ~€2bn signed since December 2022
  • Real Assets franchise building momentum: Infrastructure II activated at €125m third-party AUM, continuing to fundraise (Infrastructure I: €1.5bn total fund size); first seed investment made for Infrastructure Asia; ICG Real Estate announced formation of Metropolitan Last Mile
  • Breadth of ICG platform has supported activity levels in recent quarters, pipeline building in many strategies
  • Many opportunities for further growth lie ahead for ICG: our continued performance and long-term track record reinforce confidence in our ability to successfully execute on them

1. AUM growth on a constant currency basis
2. Europe Mid Market II is not yet activated or in fee-earning AUM

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