The 12 months was not as simple one with volatility within the markets and ongoing inflation, however IMCO managed to navigate the uneven waters and ship optimistic returns for each asset class (led by 18% for public equities) excluding actual property which posted unfavorable 13%, greater than its -12.1% benchmark.
The optimistic tone of its newest annual report contains a further 4 purchasers which have chosen it to handle their belongings, which can add $2.6 billion in new portfolio belongings.
With the vital concentrate on a greener economic system, IMCO invested over $1 billion in clear power transition belongings in 2023. This marks important progress in direction of its Local weather Motion Plan and objective of committing $5 billion in direction of power transition investments by 2027.
Personal fairness
It additionally launched its World Credit score and Personal Fairness Swimming pools and its Personal Fairness workforce invested $988 million of capital throughout 11 direct and co-investment offers in quite a lot of completely different sectors and geographies.
“Our long-term funding method has enabled IMCO to navigate market volatility successfully, notably in non-public markets comparable to World Credit score, Infrastructure and Personal Fairness – which have proven optimistic efficiency and worth add since we started investing on behalf of our purchasers 4 years in the past,” mentioned Rossitsa Stoyanova, Chief Funding Officer of IMCO. “2023 was marked by important transactions and investments in power transition, which additional diversified our funding portfolio whereas evolving asset class methods in areas of aggressive benefit.”
