LONDON, July 21 (Reuters) - British asset managerIntermediate Capital posted a first-quarter 1 percentrise in assets under management to 21.9 billion euros ($24.16billion) on Thursday and said Britain's vote to leave theEuropean Union could cut short-term investment.
The firm, which specialises in providing mezzanine finance,private debt and leveraged credit, said third-party fee-earningAUM rose 2 percent to 16.1 billion euros in the first quarter ofits financial year.
Chief Executive Christophe Evain warned there may be a"reduced level of M&A activity in the UK, resulting in a slowerinvestment pace" in the short term, citing uncertainty after theBrexit vote.
New third-party money raised in the quarter totalled 800million euros, Intermediate Capital said.
Evain said the firm had an established presence in Europethrough its subsidiaries, but would "continue to monitor Brexitdevelopments".
($1 = 0.9064 euros) (Reporting by Carolyn Cohn, editing by Sinead Cruise)