London-listed private equity investor Intermediate Capital Group, once known as a niche provider of mezzanine debt, is moving to becoming a highly-diversified asset manager.

ICG's results, unveiled this morning, showed record fundraising, while the group also increased its dividend to shareholders. ICG's group pretax profit rose 11% to £158.7 million, up from £142.6 million in 2013, driven by a record £1.1 billion in realisations.