Intermediate Capital Group

Intermediate Capital Group (ICG) is a prominent global alternative asset manager headquartered in London, United Kingdom. Established in 1989, ICG has grown to become a specialist in private debt, credit, and equity investments, serving a diverse base of institutional clients worldwide. As of March 31, 2024, the firm boasts substantial assets under management (AUM) totaling approximately $92.7 billion (€85.2 billion), underscoring its significant footprint in the private capital markets. ICG's investment philosophy centers on providing flexible capital solutions across the capital structure, partnering with management teams to drive long-term value creation.

ICG's investment strategies are broadly categorized into private debt, credit, and private equity. Within private debt, they offer solutions such as direct lending, mezzanine financing, and senior debt to support leveraged buyouts, recapitalizations, and growth initiatives for established companies. Their credit platform encompasses corporate and structured credit strategies, providing financing across various industries. The private equity arm is particularly active in mid-market buyouts, growth equity, infrastructure equity, and real estate equity, targeting businesses with strong fundamentals and growth potential. This multi-asset approach allows ICG to deploy capital across different risk-return profiles and market cycles.

The firm typically targets established companies, ranging from mid-market enterprises to larger corporations, seeking to provide significant capital injections. For its private equity strategies, particularly within European and North American mid-market buyouts, ICG often makes equity investments ranging from approximately $54 million to $325 million (€50 million to €300 million) per transaction. While their private debt investments can sometimes involve smaller tranches, their typical first cheque reflects a substantial commitment to support meaningful growth or acquisition strategies.

ICG's extensive experience and broad investment capabilities position it as a key partner for companies seeking flexible capital solutions and for institutional investors looking for exposure to private markets. Their global presence, with offices across Europe, North America, and Asia, enables them to source and execute complex transactions on an international scale. The firm's disciplined investment approach and focus on value creation have contributed to its sustained growth and reputation as a leading alternative asset manager.