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Intermediate Capital Results Beat Consenus

FINANCIALS
Intermediate Capital (ICPLN: BBB pos/BBB) results headlines look good a good revenue/profit beat with capital raising also ahead of expectations:

  • Intermediate Capital FY24 Fundraising $13.0B (cons: 12.425bn)
  • Intermediate Capital FY24 Closing Third-Party Fee-Earning AUM $70B (cons: 70.05bn)
  • Intermediate Capital FY24 Closing Third-Party AUM $98B (cons: 84.52bn)
  • Intermediate Capital FY24 Pretax Pft $597.8M (cons: 486m)
  • Intermediate Capital FY24 Rev $949.6M (cons: 900m)
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