In today's article, we are going to delve into Intermediate Capital Group, a relevant topic that has captured the attention of many people in recent times. Throughout this text, we will analyze different aspects of Intermediate Capital Group, from its origins to its impact on today's society. We will immerse ourselves in its history, explore its implications in different areas and reflect on its importance in the current context. Intermediate Capital Group is an exciting topic that deserves to be addressed from different perspectives, which is why in this article we aim to offer a broad and enriching vision of this matter. Join us on this fascinating exploration!
Company type | Public |
---|---|
LSE: ICP FTSE 100 component | |
Industry | Financial services, asset management |
Founded | February 1989 |
Headquarters | London, England, UK |
Key people | |
Revenue | £639.0 million (2023) |
£315.6 million (2023) | |
£278.4 million (2023) | |
AUM | $86.3 billion (2023) |
Website | www |
Intermediate Capital Group is a private equity investment firm focused on providing capital to help companies grow through private and public markets and provides a number of strategies and funds aimed at institutional investors. It is headquartered in London, England, with offices in a further 13 countries, and is a constituent of the FTSE 100 Index.
The business was founded by six investment professionals in 1989 and was first listed on the London Stock Exchange in 1994. In 2010 it was reported that the credit crunch was driving its growth. Intermediate Capital listed a new bond on the London Stock Exchange's Order book for Retail Bonds (ORB) in 2011.
ICG has diversified its business away from its origins in private debt and equity, buying the real estate business Longbow in 2014, and taking over management of the Graphite Enterprise Trust, which is now known as the ICG Enterprise Trust, in 2015. It hired an infrastructure investment team in 2018 and, in 2019, announced plans to build a private equity business in North America. The then $42.6 billion firm had a “strong ambition” to expand in the continent.
ICG has been a beneficiary of the trend for institutional investors to allocate assets to alternative investments, raising over €10bn during the year ended 31 March 2019.
In November 2022, it was announced ICG had acquired the Madrid-headquartered renewable energy platform, Dos Grados on behalf of its €1.5 billion ($1.56 billion) debut Infrastructure Fund (ICG Infra).