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Alternative Market Briefing

ICG hits debut infrastructure fundraise target with $1.65bn final close

Tuesday, March 29, 2022

Laxman Pai, Opalesque Asia:

Global alternative asset manager Intermediate Capital Group (ICG) has completed fundraising for its debut Infrastructure fund, ICG Infrastructure Equity.

The Fund reached total commitments of €1.5 billion, surpassing its target of €1 billion due to strong demand from a global client base. The Fund attracted commitments from over 40 clients across Europe, the UK, Australia, the US, and Canada.

The private equity investment firm said in a press release that the Fund focuses on Western Europe and is pursuing a green generalist strategy aligned to UN Sustainable Development Goals.

To date, the team has deployed €1bn across five deals, of which the Fund has committed €0.6bn and made €0.4bn available to clients as co-investment opportunities, illustrating its thesis of investing in sustainable infrastructures, such as renewables, energy efficiency, fiber optic networks, electric mobility, and social infrastructure.

The team, led by Guillaume d'Engremont, is comprised of a dozen infrastructure professionals across Paris, London, and Frankfurt. The team benefits from a highly differentiated approach combining diverse backgrounds, strong technical expertise, long-standing local origination capabilities, and can effectively leverage ICG's flexible approach to partnering with portfolio companies and their management teams.

Benoît Durteste, CIO and CEO of ICG, said: "It is a significant achievement for a first-time fund to receive such st......................

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