July 26 (Reuters) - Intermediate Capital Group PLC ::TOTAL AUM 15% HIGHER AT EUR 32.9 Bln euros ($38.60 billion)AND THIRD PARTY FEE EARNING AUM 20% HIGHER AT EUR 25.2BN.INFLOWS IN Q1 WERE EUR 4.8BN. 2018/19 FUNDRAISING IS WEIGHTED TO Q1 OF FINANCIAL YEAR; EUR 3.7BN HAS BEEN RAISED FOR EUROPE FUND VII.FUND DEPLOYMENT REMAINS STRONG ACROSS STRATEGIES.ALL FUNDS ON COURSE TO MEET OR EXCEED THEIR RETURN HURDLE RATES BENOIT DURTESTE, CEO.NEW FINANCIAL YEAR HAS STARTED STRONGLY WITH AUM BREAKING EUR 30BN DRIVEN BY FUNDRAISING FOR EUROPE FUND VII WHICH IS CURRENTLY 48% LARGER THAN ITS PREDECESSOR FUND..IN ADDITION TO EUROPE FUND VII, WE COMPLETED FUNDRAISING FOR OUR NORTH AMERICAN PRIVATE DEBT FUND WITH AN ADDITIONAL EUR 280M TAKING IT TO ITS MAXIMUM SIZE OF US$1.35BN, INCLUDING $150M FROM BALANCE SHEET.TOTAL AMOUNT OF CAPITAL DEPLOYED ON BEHALF OF OUR DIRECT INVESTMENT FUNDS WAS £887M IN QUARTER.
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Nov 14 (Reuters) - Intermediate Capital Group Plc :Says total assets at end-September up 14 percent from end-March to 27.2 billion euros..Says raised record 5.7 billion euros of new money, driven by Senior Debt Partners Strategy, which raised 4.2 billion euros over the six-month period..Third-party fee earning assets under management down 1 percent to 18.5 billion euros due to impact of FX..Says interim ordinary dividend up 20.0% to 9.0 pence per share.Fundraising pipeline strong with a number of its larger strategies expected to begin raising successor funds in next 12 months..Investment company profits lower at 51.2 million pounds, (H1 2017: 92.2 million pounds), due to lower investment income..Group profit before tax of 95.5 million pounds (H1 2017: 126.2 million pounds)..Weighted average fee rate of 0.89 percent, down from 0.91 percent due to shift in mix of investment strategies..Expects conditions driving long term attractiveness of alternative asset classes to remain even if central banks increase interest rates..Source text for Eikon: [ID:].
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July 25 (Reuters) - Intermediate Capital Group Plc :Says inflows in Q1 were 600 million euros ($699.84 million)with robust demand for current fund raising.Says inflows in Q2 will be higher as a result of fund closes.Says total assets under management 2 percent lower at 23.3 billion euros and third party fee earning aum 3 percent lower at 18.2 billion euros.Says fund investment in line with expectations despite a competitive investment market.
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June 8 (Reuters) - PAI Partners::PAI Partners-entered negotiations with Intermediate Capital, Sagesse Retraite Santé for sale of majority stake in Domusvi, operator of nursing homes.PAI Partners: completion is subject to consultation with domusvi's works council, clearance from competition and regulatory authorities.PAI Partners- PAI was advised by Rothschild, BNPP and Goldman Sachs. Lazard was acting as financial advisor to ICG and SRS.
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Intermediate Capital Group Plc : Says total assets under management up 3 percent to 22.6 billion euros in the three months to end December. . Says raised 600 million euros of new third party money in the quarter. . Says third party fee earning assets under management up 5 percebt to 17.3 billion euros. . Says fundraising performance in line with expectations. . Says investment portfolio fell 4 percent in the quarter. .Says investment portfolio performance remains robust and funds performing in line with expectations..
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Intermediate Capital Group : H1 assets under management up 2 percent to 22.0 billion euros. . Says group profit before tax of 126.2 million stg, driven by a strong period of capital gains. .Says to pay interim ordinary dividend of 7.5 pence per share, up 4.2 percent..
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