Chris Hunt
MD & Head of Investor Relations.
Good afternoon, and thank you for joining us today. As you’ll have read in the announcement this morning, over the last 5 years, ICG has doubled its fee-earning AUM. And within that, we have grown our equity-like strategies by 3x. These strategies have higher performance fee potential. And in order to make this component of the revenue more visible and to remove certain elements of management judgment, today, we are announcing a change to the way we recognize performance fees in our financial statements. These changes will be implemented at our H1 results, which we will announce on the 18th of November.
I’m joined by our CFO, David Bicarregui, who will give an overview of the changes we are putting in place, and we will then take questions. The slides are available on our website along with the accompanying announcement.
As a reminder, and unless otherwise stated, all financial information discussed today is based on alternative performance measures, which exclude the consolidation of some of our fund structures required under IFRS. You can also — you can submit questions verbally or through the online platform. Details are available on the portal.
And with that, I’ll hand over to David.
David Christopher Bicarregui
CFO & Executive Director
Thank you, Chris, and good afternoon, everyone. I’d like to start with a bit of context. Over the last decade, we have grown organically to become a global player in a number of investment strategies where we believe there is significant runway of growth, such as structured capital, private equity secondaries, private debt
#ICG #plc #ICGUF #ShareholderAnalyst #Call #Transcript