ICG

Get the latest jobs and industry news

Investment performance starts with deployment and realisation discipline, writes ICG CIO and CEO Benoît Durteste in his letter to shareholders. He comments that the industry’s recently poor track record for returning capital – as measured by Distribution to Paid-In Capital (DPI) metrics, in particular – has investors justifiably placing a high value on realised performance rather than potentially-optimistic NAVs. Durteste notes that ICG’s industry-leading DPI performance* across multiple strategies underpins our successful fundraising campaigns throughout this period. Durteste summarises our results for the year to 31 March 2026 in the short video attached. Find out more and read his letter to shareholders via the link in comments. #PrivateCapital #PrivateMarkets #Alternatives * DPI of ICG strategies vs market can be found in FY26 presentation, slide 6 Capital at risk. Past performance is not a reliable indicator of future results

Developed economies and markets have demonstrated strong resilience so far this year, despite heightened geopolitical uncertainty. However, with the war in the Middle East and the closure of the Strait of Hormuz continuing to drag on, the question is whether this resilience will continue? Head to the comments to discover the latest report by our chief economist Nicholas Brooks. #PrivateMarkets #PrivateCapital #Alternatives #Economics Capital at risk. Past performance is not a reliable indicator of future results.

Sustained US government debt trajectory concerns and fears for Fed independence could trigger further US dollar weakness and gold price upside in 2026, as investors grow increasingly uneasy with Trump administration policies. "Given relatively high equity valuations, tight credit spreads and potential risks in major developed economy sovereign bond markets—particularly in the US given its current debt trajectory and concerns about Fed independence—we think the risk of higher for longer, longer maturity government bond yields, volatility in global public markets and further US dollar weakness remain high." Nicholas Brooks, ICG's chief economist, assesses the outlook for the year ahead within private markets and the macro economy, in the full report. Capital at risk. Past performance is not a reliable indicator of future results.

Despite geopolitical upheaval and the sharp rise in US import tariffs, the US, Europe, and UK economies are estimated to have grown by a better-than-expected 2.0%, 1.6%, and 1.4% in 2025, with inflation falling to 2.7%, 2.0% and 3.2% respectively. "Although the risk of market volatility remains elevated," says ICG's chief economist Nick Brooks, "we think private markets investors will remain relatively sheltered." Capital at risk. Past performance is not a reliable indicator of future results.