Amundi has acquired a 9.9 per cent stake in international various asset supervisor ICG to spice up its personal markets providing.
The European asset supervisor will turn out to be a strategic shareholder “in a fashion that’s non-dilutive to present ICG’s shareholders”, and can nominate a non-executive director to ICG’s board, as a part of a brand new long-term strategic and fairness partnership between the 2 firms.
By way of the partnership, Amundi and ICG will collectively develop new merchandise particularly focused at wealth buyers, beginning with two European evergreen funds within the first half of 2026 – a personal fairness secondaries fund and a personal debt fund.
Learn extra: Alts slip at Amundi amid “document excessive” AUM
One other element of the partnership is a 10-year settlement that may see Amundi turn out to be the unique international distributor within the wealth channel for ICG’s evergreen and different merchandise, whereas ICG will probably be Amundi’s unique supplier for these merchandise to Amundi’s distribution enterprise.
ICG manages practically $125bn (£95bn) of property on behalf of institutional purchasers by methods throughout structured capital, personal fairness secondaries, personal debt, credit score and actual property.
Amundi has €70bn (£61.7bn) in property underneath administration in its personal markets platform, constructed round actual property and multi-management actions, which was bolstered by its acquisition of Alpha Associates in 2024.
The partnership will allow the greater than 200m particular person buyers served by Amundi’s international distribution community, which incorporates retail banks, personal banks, asset managers, insurers and digital platforms, to entry a number of of ICG’s personal markets methods by way of merchandise designed for wealth administration and retirement planning.
Amundi serves a community of greater than 600 distributors, together with the regional banks of Crédit Agricole, LCL, and Indosuez Wealth Administration. By way of the partnership, Amundi will be capable to supply Crédit Agricole Assurances the chance to diversify and broaden its allocation to personal property, particularly, personal debt.
Learn extra: ICG closes second European infrastructure fund at €3.15bn
“Our long-term strategic partnership with Amundi is a significant step ahead within the improvement of ICG’s technique to entry the wealth channel in a means that’s clearly additive and complementary to our robust present institutional providing,” Benoît Durteste, chief govt and chief funding officer of ICG, mentioned.
He added that the brand new partnership with Amundi “materially accelerates our potential to entry and form the evolving wealth channels for personal markets”.
Individually, Amundi unveiled a brand new 2025-28 strategic plan with six strategic priorities and monetary targets for 2028, considered one of which is “innovation in options” by investing throughout lively, passive and personal property.
The asset supervisor additionally dedicated to accelerating consumer diversification, with a give attention to the retirement and digital segments, and to increasing geographically to seize development in Asia, Europe and different “excessive potential” areas.
“This partnership with ICG, a recognised and diversified chief in personal markets, represents a exceptional alternative to supply our distributor purchasers and the entities and purchasers of the Crédit Agricole group entry to high-performing methods with confirmed observe information traditionally reserved for institutional buyers,” mentioned Valérie Baudson, chief govt of Amundi.
“It absolutely aligns with Amundi’s strategic plan priorities, which goal to strengthen our management by increasing our choices in promising segments supported by long-term traits.”
Learn extra: Europe set to outpace US as personal credit score increase gathers tempo
