Amundi said it has bought a 9.9% economic interest in alternatives asset manager ICG in a deal worth about €620m ($711.4m), following the long-term strategic and equity partnership.
The companies agreed that partnership in November 2025.
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Under a 10-year arrangement tied to the deal, Amundi will serve as the sole global distributor in the wealth channel for ICG’s evergreen products and certain other offerings.
Amundi CEO Valérie Baudson said: “Our partnership with ICG marks a significant step in the development of Amundi’s private markets offering. Leveraging ICG’s leading capabilities and Amundi’s global reach and strong understanding of individual clients’ needs, we will continue to broaden access to private market solutions for wealth investors globally.
“This partnership creates a strong platform for innovation with the ambition to develop new products tailored to investors’ evolving needs, while generating profitable, long-term growth for the benefit of all stakeholders.”
In return, ICG will be the exclusive supplier of those products to Amundi’s distribution business.
The agreement also covers the joint creation of new products aimed at wealth investors. The first, centred on private equity secondaries, is due to be introduced in the coming weeks
ICG CEO and chief investment officer Benoît Durteste said: “We are delighted that Amundi has now acquired a 9.9% economic stake in ICG in line with the long-term strategic partnership announced in November 2025. Our teams are working closely on a number of products that are appropriate to the wealth market, and we are looking forward to launching the first of these in the coming weeks.
“This is just the first step in realising the commercial benefits of our partnership that combines ICG’s leading investment capabilities and Amundi’s expertise in the wealth and pensions market, and we are already seeing a number of opportunities to deepen our collaboration over the longer-term.”
