Chris Hunt
Head of Corporate Development & Shareholder Relation

Good morning. Thank you for joining this webcast covering ICG's results for the 12 months ended 31st of March 2026. The slides are available on our website, along with the accompanying results announcement. As a reminder, unless stated otherwise, all financial information discussed today is based on alternative performance measures, which excludes the consolidation of some of our fund structures as required under IFRS.

This morning, I'm joined by our CIO and CEO, Benoit Durteste; and our CFO, David Bicarregui. They will give an overview of our performance during the year, and we will then take questions.

And with that, I'll hand over to Benoit.

Benoît Durteste
CEO, Chief Investment Officer & Executive Director

Thank you, Chris, and good morning, everyone. Full year '26 has been a good year for ICG. We reinforced our scaled competitive position, beat by some margin, our fundraising targets, established a strategic relationship with Amundi and, more generally, built on our track record of strategic and financial growth. Over the next 45 minutes, we will be discussing this in more detail. But first, I'd like to look at this year in the context of what I believe underpins ICG's success.

It comes as no surprise to those who