Core Insights - ICG plc reported a total AUM of $127 billion as of 31 December 2025, with fee-earning AUM at $85 billion, reflecting a 1% increase quarter-on-quarter and an 11% increase year-on-year [6][11] - The company raised $4.4 billion in fundraising during the quarter, with significant contributions from Europe IX ($1.6 billion), Metropolitan II ($0.6 billion), and LP Secondaries II ($0.3 billion) [6][5] - The total available liquidity for ICG is £1.4 billion, with net financial debt reduced to £239 million [6] Fundraising and Deployment - Fundraising activities for Q3 FY26 included $2.5 billion in Structured Capital and Secondaries, $0.6 billion in Real Assets, and $1.3 billion in Debt [5][7] - Deployment of funds in Q3 FY26 amounted to $2.8 billion for Structured Capital and Secondaries, $0.6 billion for Real Assets, and $1.6 billion for Debt [5][7] - Realisations during the same period were $0.1 billion for Structured Capital and Secondaries, $0.2 billion for Real Assets, and $1.7 billion for Debt [5][7] Financial Performance - The company experienced a net addition of $1.328 billion in AUM, with structured capital and secondaries contributing $1.538 billion, while real assets and debt saw net reductions [3] - Year-on-year changes in AUM showed a 22% increase in Structured Capital, a 17% increase in Secondaries, a 3% decrease in Real Assets, and an 11% overall increase [3] - The total balance sheet return was positive at both the group level for the quarter and year-to-date [6] Market Conditions - The company noted variability in transaction activity across different asset classes, indicating a modest recovery in market conditions [6] - The foreign exchange rates for GBP to EUR and GBP to USD showed slight fluctuations, which may impact financial results [8]

Group 1 - Financial institutions prioritize profit over the financial well-being of consumers, leading to the issuance of numerous credit cards regardless of an individual's ability to repay [1][2] - The current cultural landscape in America is characterized by aggressive marketing, particularly of debt products, which are presented as solutions for even trivial purchases [3] - The prevalence of credit card approvals extends to absurd cases, highlighting the lack of discernment in the credit issuance process [3] Group 2 - Visa and Mastercard dominate the credit card market, holding 80% of the market share, and their actions reflect a disregard for small businesses and average consumers [4] - The primary objective of credit card companies is to generate revenue from consumers, emphasizing that obtaining a credit card does not equate to financial success [5]

Core Insights - Newmark Group, Inc. has appointed Andrew Wheldon and Matthew Bailey to its European Finance team, enhancing its capital markets advisory capabilities in Europe [1][2] - The appointments reflect Newmark's strategy to expand its Debt & Structured Finance offerings, which have seen significant growth in the U.S. market [2][3] - The company generated revenues exceeding $3.1 billion for the twelve months ending September 30, 2025, and operates approximately 170 offices globally [5] Company Strategy - Newmark's investment in debt and structured finance is a key component of its global capital markets strategy, aimed at facilitating cross-border capital flows and providing sophisticated advisory solutions [2][3] - The recent hires follow a series of appointments aimed at strengthening Newmark's position in the European market, particularly in Debt & Structured Finance [2][3] Personnel Expertise - Andrew Wheldon brings over 20 years of experience in capital advisory and real estate banking, having previously held senior roles at RBS, Lloyds Banking Group, and CBRE Capital Advisors [3][4] - Matthew Bailey has a strong background in structured finance, specializing in commercial mortgage-backed securities and has held senior positions at UBS, Commerzbank, and HSBC Investment Bank [4] Market Position - The addition of Wheldon and Bailey is expected to enhance Newmark's ability to advise on complex transactions and deliver innovative financing solutions, thereby strengthening its market position in Europe [3][4]