Intermediate Capital AUM rises as demand bolsters fundraising; invests in Brooks Automation


Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Intermediate Capital reported a rise in assets under management in the third quarter as fundraising was bolstered by demand for its investment strategies.

Third-party asset under management was $67.2 billion at 31 December 2021, an increase of 3% in the quarter and 23% in the last twelve months.

Third-party fee-earning asset under management grew 5% during the quarter and 30% in the last twelve months, ending the period at $58.2 billion.

Intermediate Capital also announced that it was investing in Brooks Automation alongside funds advised by Thomas H. Lee Partners.

In aggregate on a look-through basis, the company was expected to invest approximately $12.6 million in Brooks Automation.