ICG-Longbow has posted a £275m incease in assets under management in its final year results.
AUM hit £3bn, driven largely by the closing of its fourth partnership capital fund, ICG-Longbow UK RE Debt Investments IV, at its £1bn hard-cap.
During the period it made £500m of new investments and over £250m of realisations, including the full realisation of ICG-Longbow’s 2011 vintage Fund II and the exit of the Brighton Marina development loan.
Martin Wheeler, co-head of ICG-Longbow said: “These milestones were both hit in the months following the referendum, confirming the attractiveness of real estate debt as an asset class in uncertain times, as well as demonstrating the effectiveness of ICG-Longbow’s investment strategy.”
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