Intermediate Capital Group (ICG)

Our clients and investment teams met face-to-face at our annual investor days, held this year in New York, London and Singapore. 📽 Watch below: Brief highlights from the London event held at the OWO Hotel. For those institutional investors who were unable to attend or would like to recap on the presentations, videos are available on the ICG Client Lounge: 🔗 London: https://lnkd.in/em_cA4dF 🔗 New York: https://lnkd.in/eeUiCMsA 🔗 Singapore: https://lnkd.in/eVjBHKnV At ICG we: 💡 Provide flexible, sustainable solutions 🎯 Drive performance 💫 Operate with purpose #PrivateMarkets #PrivateCapital #Alternatives Capital at risk. 

We are happy to share that our most recent Stewardship Report was accepted by the UK Stewardship Code and published in February 2024. Our inclusion as a signatory to the code was announced by the FRC in March 2022. Find out more about our approach to #Stewardship here: https://lnkd.in/ehqGmNry

How can financial institutions put net zero into practice? The question is explored by Elsa Palanza, ICG’s Global Head of Sustainability & ESG, at a panel discussion in Toronto on Wednesday. The Principles for Responsible Investment event, #PRIinPerson, takes place 8-10 October and is themed ‘Progressing global action on responsible investment’. Elsa speaks alongside: David Harris, Head of Sustainable Finance Strategic Initiatives & Partnerships, LSEG, Sherry Madera, CEO, CDP; Bertrand Millot, Head of Sustainability, CDPQ; and Kate Turner, Global of Head of Responsible Investment, First Sentier. The discussion is moderated by Patricia Fletcher, CEO, RIA Canada. 🔗 PRI in Person: https://lnkd.in/eFR_a7_S 🔗 Sustainability at ICG: https://lnkd.in/e_7DjaRP At ICG we: 📋 Invest responsibly 🖼️ Operate with purpose 🌿 Are committed to decarbonisation #PrivateMarkets #PrivateCapital #Alternatives #Sustainability #NetZero Capital at risk.

Summer market volatility shook markets up, but underlying economic fundamentals across most major economies support a continued constructive investing environment, writes Nicholas Brooks, ICG’s Head of Economics and Investment Research. In this environment we maintain a bias for less cyclical exposures, companies with predictable and resilient cashflows, and strategies that provide downside protection and can take advantage of market disruption. 🔗 Explore: https://lnkd.in/es7_868P At ICG we: 🌍 Invest globally 📈 Grow businesses sustainably ✨ Value partnerships #PrivateMarkets #PrivateCaptial #Economics #MacroEconomics #Alternatives Capital at risk. Past performance is not a reliable indicator of future results.

Etienne Casara, from ICG's Real Estate Debt team, travelled to Frankfurt from our Paris office to join the FondsForum DebtConference 2024, a leading European Conference for real estate debt investments. As part of a panel on 'The Current European Debt Market', Etienne discussed the merits of investing in Europe vs. other regions, drawing upon his knowledge of specific countries and individual jurisdictions. Also considered was the role of ESG in credit decisions, and the emergence of new trends around sustainability in the context of real estate debt investing. 🔗Read more about Real Estate investment at ICG: https://lnkd.in/eWjjA8qq At ICG we: 🌍 Invest globally 📈 Grow businesses sustainably ✨ Value partnerships #FondsForum #RealEstateDebtInvestments #Debt #Investments Capital at risk. Past performance is not a reliable indicator of future results.

“We are delighted to have held the final close for NACP III at $1.9bn,” commented Brian Spenner, Head of North American Credit at ICG. “The sizeable increase in client commitments compared to the preceding fund is a testament to the proven nature of the strategy and the appetite among both new and long-standing ICG clients for differentiated credit funds. We look forward to continuing our investment program and providing capital solutions for private equity sponsors and corporate borrowers.” Established in 2014, the strategy for which NACP is the third vintage, provides private debt financing to private equity-sponsored middle-market companies and independent corporate borrowers in North America, typically investing in businesses with $25m to $250m of EBITDA. Marking today’s announcement, Benoît Durteste, CIO and CEO of ICG, said: “This is a significant milestone for the team, reflecting the track record established – among both clients and corporate borrowers – in the decade since the strategy’s inception. This successful fundraise allows us to capitalize on attractive investment opportunities, and further reinforces our presence in North America, a key growth area for ICG.” 🔗 Press release: https://lnkd.in/exD6927F #PrivateMarkets #PrivateCapital #Alternatives Capital at risk. Past performance is not a reliable indicator of future results.

“Is global economic resilience too good to be true?” Nicholas Brooks, Head of Economic and Investment Research at ICG, presented this question at IPEM Paris alongside Benoît Durteste, our CIO and CEO, who featured in a panel discussion “Investing in a fragmented world” and Aditya Bhagwat, ICG Strategic Equity, who took part in a GP Led Secondaries panel discussion. “The cost of the resilience has been a huge rise in government indebtedness as governments have shouldered the burden of supporting households and businesses through the Covid pandemic and energy price shocks; high inflation on unprecedented monetary expansion; and a related increase in economic inequity and social instability. Deep recession risks, however, appear low as systemically important banks remain strong and household and corporate balance sheets in aggregate are healthy. While systemic risks currently appear low, idiosyncratic risks are on the rise.” 💭Nick Brooks, ICG at IPEM Paris 2024 Read more about ICG at IPEM here: https://lnkd.in/ewhMqyvQ Capital at risk. Past performance is not a reliable indicator of future results.

Did you know that today is National Employability Day? This week, we welcomed ten new graduates to our London office as they embark on their exciting career journeys with ICG, as part of our two year graduate scheme. They’ll be joining a range of teams including Investments, Finance, Audit, Client Relations and Corporate Affairs, alongside regular workshop training and mentoring that will provide a strong foundation for continual development and success. Welcome, we can’t wait to see the wonderful ideas and contributions you’ll bring. Interested in joining us? Find out more about our early career opportunities here: https://lnkd.in/etF2vqPP We are: 📌 A global business of local people 🥇 Attracting and developing the best talent 🫱🏾🫲🏻 Living an inclusive environment #EarlyCareers #Graduates

The ICG Life Sciences team co-led a $100m financing of F2G, with the purpose of developing and commercialising olorofim, a new anti-fungal agent being developed to treat life-threatening invasive fungal infections. F2G, based in Manchester, UK, is a clinical-stage biopharmaceutical company focused on high unmet medical needs. Olorofim is the first-in-class molecule in an entirely novel class of antifungal agents and is the only antifungal medication to be awarded a Breakthrough Therapy Designation by the US Food and Drug Administration (FDA). Toby Sykes Ph.D., Managing Director of ICG Life Sciences, will join the F2G Board of Directors and the financing, subject to regulatory approval, could close in Q3 2024. Toby Sykes commented: “Invasive fungal infections cause substantial morbidity and mortality, particularly in immunosuppressed patients. For many of these pathogens, there are limited or no effective therapies. There is a huge need for new anti-fungal agents and the Life Sciences team at ICG is delighted to be supporting F2G in its important journey in developing new therapeutic options for these patients.” 🔗 Discover more: https://lnkd.in/esGbVuGw At ICG we: 🌍 Invest globally 📈 Grow businesses sustainably ✨ Value partnerships #LifeSciences #Healthcare #Phama #Biotech #PrivateMarkets #PrivateCapital #Alternatives Capital at risk. Past performance is not a reliable indicator of future results.

Senior Debt Partners 5 has closed the largest ever direct lending fundraise in Europe, at $17bn. SDP was launched in 2012 to provide first lien, senior secured loans to a wide and diversified pool of mid and upper mid-market European-based businesses, typically owned by leading private equity firms. 🔗 Press release: https://lnkd.in/e8RJvHzg Benoît Durteste, CIO and CEO of ICG, commented: “This fundraise underlines ICG’s leading position in European direct lending. We are proud to be amongst the beneficiaries of a market environment in which clients are increasingly looking to partner with a smaller number of managers, and this significant upsize of one of our flagship funds is a notable achievement as we execute our strategy of scaling up and scaling out.” Peter Lockhead and Mathieu Vigier, Co-Heads of SDP, commented: “The direct lending market in Europe remains attractive from an investment perspective through economic cycles, and we have a significant pipeline of opportunities. Today’s announcement underlines the appeal of SDP’s clear investment strategy and our differentiated origination platform, and we are grateful to our clients for the support they have shown.” At ICG we: 💡 Provide flexible, sustainable solutions 🎯 Drive performance 💫 Operate with purpose Capital at risk. Past performance is not a reliable indicator of future results. #PrivateMarkets #PrivateCapital #Alternatives