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The 12 months was not as straightforward one with volatility within the markets and ongoing inflation, however IMCO managed to navigate the uneven waters and ship constructive returns for each asset class (led by 18% for public equities) apart from actual property which posted unfavourable 13%, greater than its -12.1% benchmark.
The constructive tone of its newest annual report consists of a further 4 purchasers which have chosen it to handle their property, which can add $2.6 billion in new portfolio property.
With the essential deal with a greener financial system, IMCO invested over $1 billion in clear vitality transition property in 2023. This marks important progress in the direction of its Local weather Motion Plan and aim of committing $5 billion in the direction of vitality transition investments by 2027.
Non-public fairness
It additionally launched its World Credit score and Non-public Fairness Swimming pools and its Non-public Fairness staff 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 equivalent to World Credit score, Infrastructure and Non-public Fairness – which have proven constructive efficiency and worth add since we started investing on behalf of our purchasers 4 years in the past,” stated Rossitsa Stoyanova, Chief Funding Officer of IMCO. “2023 was marked by important transactions and investments in vitality transition, which additional diversified our funding portfolio whereas evolving asset class methods in areas of aggressive benefit.”
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