Amundi has acquired a 9.9% economic interest in alternatives asset manager ICG in a deal worth about €620m, or $711.4m, following the long-term strategic and equity partnership the two firms agreed in November 2025. Under a 10-year arrangement tied to the deal, Amundi will serve as the sole global distributor in the wealth channel for ICG's evergreen products and certain other offerings, while ICG will be the exclusive supplier of those products to Amundi's distribution business. The agreement also covers the joint creation of new products aimed at wealth investors, with the first, centred on private equity secondaries, due to be introduced in the coming weeks. Amundi CEO Valérie Baudson said the partnership marks a significant step in the development of Amundi's private markets offering, and ICG CEO and chief investment officer Benoît Durteste said the deal is the first step in realising the commercial benefits of the collaboration.
Amundi SAAmundi gains exclusive access to ICG's evergreen products and joint new products, strengthening its private markets wealth offering.
Intermediate Capital Group PLCAmundi becomes sole global distributor for ICG's evergreen products and ICG is exclusive supplier, expanding distribution demand for ICG's products.
