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Chris Hunt
MD & Head of Investor Relations.
Good afternoon, and thanks for becoming a member of us at present. As you will have learn within the announcement this morning, over the past 5 years, ICG has doubled its fee-earning AUM. And inside that, we now have grown our equity-like methods by 3x. These methods have greater efficiency payment potential. And to be able to make this element of the income extra seen and to take away sure components of administration judgment, at present, we’re saying a change to the way in which we acknowledge efficiency charges in our monetary statements. These modifications can be carried out at our H1 outcomes, which we are going to announce on the 18th of November.
I am joined by our CFO, David Bicarregui, who will give an summary of the modifications we’re setting up, and we are going to then take questions. The slides can be found on our web site together with the accompanying announcement.
As a reminder, and except in any other case said, all monetary data mentioned at present is predicated on various efficiency measures, which exclude the consolidation of a few of our fund buildings required beneath IFRS. You can even — you possibly can submit questions verbally or by means of the net platform. Particulars can be found on the portal.
And with that, I am going to hand over to David.
David Christopher Bicarregui
CFO & Government Director
Thanks, Chris, and good afternoon, everybody. I would like to begin with a little bit of context. Over the past decade, we now have grown organically to grow to be a worldwide participant in numerous funding methods the place we imagine there may be important runway of progress, resembling structured capital, non-public fairness secondaries, non-public debt
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