Multi-strategy asset manager Intermediate Capital Group is looking to raise about $8.50bn for its latest flagship debt strategy, according to a document presented to a Louisiana pension system.
The multi-strategy asset manager invests in mid-market businesses mainly in Western Europe. If the London firm’s fundraising drive hits its target, its ICG Europe Fund VIII SCSp will be more than 55% larger than its roughly $5.5bn predecessor, which closed in 2018, according to the document presented last week to Teachers’ Retirement System of Louisiana.
ICG specialise in private debt, equity and credit, providing financing solutions across the capital structure, and pioneering new strategies to deliver value to their investors. As direct PE investors, ICG conduct intensive portfolio and asset underwriting to determine likely future values, timing, and paths to liquidity, as well as exercising meaningful governance over the portfolios post transaction. They are prepared to invest additional capital to enhance a portfolio’s future value.
Source: Wall Street Journal
Can’t stop reading? Read more
Maximizing value creation in long-hold private equity investments
Maximizing value creation in long-hold private equity investments The private equity playbook is...
Clearlake, EQT, and Apollo among private equity bidders circling $3bn logistics firm Forward Air
Clearlake, EQT, and Apollo among private equity bidders circling $3bn logistics firm Forward Air...
France’s FRR launches €500m private equity fund-of-funds mandate with focus on domestic growth
France’s FRR launches €500m private equity fund-of-funds mandate with focus on domestic growth...