ICG plc has announced changes to the recognition of performance fees to make them more visible and remove management judgment. The new approach includes starting recognition when a successor vintage closes and applying a discount based on a fund’s assumed life. This change will result in a one-off gain of £65-75m in H1 FY26, with total performance fees expected to be £90-95m. The Company is increasing guidance for performance fees to represent 10-20% of total fee income and FMC operating margin to be over 54%. A presentation will be held today to discuss the updated accounting.

For more information, visit the Company’s website.

Read more at GlobeNewswire: Changes to recognition of performance fees, increasing