The $3.0T (€2.6T) Amundi, one of Europe’s leading traditional asset managers, has formed a new 10-year strategic partnership with ICG, in a bid to expand its private market investment solutions to its wealth clients.
ICG manages nearly $125B (€108B) of assets on behalf of predominantly institutional clients through various strategies across structured capital, private equity secondaries, private debt, credit, and real assets, noted a press release. The partnership would enable the more than 200 million individual investors served by Amundi’s worldwide distribution network to have access to a number of ICG’s high-performing and diversified private markets strategies, through products specifically targeted at wealth management and retirement planning.
According to the release, the agreement would see Amundi acquire a 9.9% economic stake in ICG, allowing the firm to become a strategic shareholder without diluting existing ICG’s shareholders. It would also position Amundi as the exclusive global distributor in the wealth channel for ICG’s evergreen and certain other products. The deal also includes ICG being Amundi’s exclusive provider for those products to Amundi’s distribution business. As well, both firms would jointly develop new products specifically targeted to wealth investors.
During the first half of 2026, Amundi and ICG will focus on developing two European evergreen funds: a private equity secondaries fund and a private debt fund. This partnership will also enable Amundi to offer Crédit Agricole Assurances opportunities to diversify and expand its allocation to private assets, notably in private debt.
This partnership with ICG, a recognized and diversified leader in private markets, represents a remarkable opportunity to offer our distributor clients and the entities and clients of the Crédit Agricole group access to high-performing strategies with proven track record historically reserved for institutional investors,” said Valérie Baudson, Amundi’s chief executive officer, in the release. “It fully aligns with Amundi’s strategic plan priorities, which aim to strengthen our leadership by expanding our offerings in promising segments supported by long-term trends.”
