Core Viewpoint - Amundi has acquired a 4.6% stake in ICG and established a long-term partnership to enhance private market access for wealth clients [1] Group 1: Partnership Details - The partnership includes a ten-year agreement, joint product development, and a minority equity investment by Amundi in ICG [1] - Amundi will serve as the exclusive global distributor in the wealth channel for ICG's evergreen and select other products [1][2] - ICG will act as Amundi's exclusive provider for these products within its distribution business [2] Group 2: Investment Structure - Amundi will acquire a 9.9% economic stake in ICG, which includes 5% in non-voting shares, ensuring no dilution for existing shareholders [2] - Amundi will nominate a non-executive director to ICG's Board, allowing participation in strategic decisions [3] Group 3: Strategic Alignment - The partnership aligns with Amundi's strategic plan to strengthen leadership by expanding offerings in promising segments [4] - The private assets market is opening to wealth investors, addressing their needs for diversification and long-term savings [4] Group 4: Growth Potential - The partnership is expected to drive profitable and sustainable growth for both parties and their stakeholders [5] - ICG manages nearly €108 billion ($125 billion) in assets, primarily for institutional clients [5] - Amundi's private markets platform currently manages €70 billion, mainly in real estate and multi-management activities [6] Group 5: Future Initiatives - Amundi and ICG will focus on launching two European evergreen funds, a private equity secondaries fund, and a private debt fund in the first half of 2026 [7]