Intermediate Capital Group's (ICG) Fund Management Company (FMC) saw assets under management (AUM) rise by 2% from €11.8bn to €12bn in the first half despite the sterling strengthening against the euro, which negatively affected AUM by 3%.
However, the specialist investment firm, asset manager and mezzanine finance provider warned that the volatility in capital markets and the uncertainty in the economic outlook will likely result in a lower level of realisation in the second half.
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