Mezzanine and equity

We have a long and successful track record in mezzanine and minority equity funds with funds under management totalling €3.7bn at 30 September 2011.

Our flexible approach to investing across a company’s capital structure to unlock potential value, coupled with our ability to react quickly to changing sponsor and senior debt investor requirements are the hallmarks of our success in delivering value to our investors.

ICG Recovery Fund 2008

  • ICG’s first recovery fund closed with a total size of €843 million.
  • The fund seeks to exploit market dislocation in European buyout debt by investing in secondary credit opportunities at discounted prices and support the restructuring of private equity backed companies that may benefit from a change in their capital structure.
  • The fund has made six investments and is 75% invested as of 31 March 2011.

ICG Minority Partners Fund 2008

  • ICG’s first dedicated minority equity fund.
  • The fund raised €132 million of limited partner equity commitments.
  • The fund has made four investments and is 84% invested as of 31 March 2011.

Intermediate Capital Asia Pacific Fund II 2008

  • The fund is the largest dedicated Asia Pacific mezzanine fund.
  • The fund and ICG have committed over US$800 million to investing in mezzanine and minority equity in this vintage.
  • The fund is 26% invested in three portfolio companies as of 31 March 2011.

ICG European Fund IV 2006

  • Europe’s largest independent mezzanine and related junior capital fund.
  • The fund is 92% invested in 47 portfolio companies as of 31 March 2011.

Intermediate Capital Asia Pacific Mezzanine Fund 2005

  • The fund was the largest dedicated Asia Pacific mezzanine fund.
  • The fund and ICG committed over US$500 million to investing in mezzanine and minority equity in this vintage.
  • The fund invested in eight portfolio companies.
  • The fund has realised four of its investments.

ICG Mezzanine Fund III 2003

  • The fund invested in 80 portfolio companies.
  • The fund has realised 57 of its investments as of 31 March 2011.

ICG Mezzanine Fund II 2000

  • The fund invested in 50 portfolio companies.
  • The fund is nearly fully realised with a single asset outstanding as of 31 March 2011.

ICG Mezzanine Fund 1998

  • ICG’s first mezzanine fund.
  • The fund invested in 25 portfolio companies.
  • The fund is fully realised.

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