Intermediate Capital Group (ICG), a global alternative asset manager, has successfully completed the fundraising for its North American Credit Partners Fund III (NACP III), achieving a total fund size of $1.9bn. This represents a 50% increase in client capital compared to the predecessor fund. Established in 2014, ICG’s North American Credit Partners strategy focuses on providing private debt financing to middle-market companies in North America. The team led by Brian Spenner, has already made four investments under Fund III and anticipates further opportunities. The completion of this fund underscores ICG’s strengthened presence in North America, a key growth area for the firm. ICG, with a 35-year history and managing $101bn of assets, remains committed to flexible capital solutions and sustainable investment practices.
Private Equity, Corporate Finance,North America, United Kingdom
https://www.icgam.com/2024/09/19/icg-raises-1-9bn-for-north-american-credit-partners-fund-iii/