Intermediate Capital Group plc announces 2.5 billion fundraising to date for ICG Europe Fund VI
Intermediate Capital Group plc ("ICG") announces that ICG Europe Fund VI (the "Fund"), its European corporate investment fund, has raised 2.5 billion to date. This includes a contribution from ICG's balance sheet of 500 million along with 2 billion of third party subscriptions. Further closes are anticipated in the coming months.
The Fund will charge fees on committed capital and will begin to earn third party fees when the predecessor fund, ICG European Fund V, completes its investment period, which is anticipated to be in the next few weeks. ICG European Fund V was closed in December 2012 at its maximum size of 2.5 billion, also including a subscription of 500 million from ICG's balance sheet.
Investor Enquiries:
Ian Stanlake
Investor Relations, ICG plc
+44 (0) 20 3201 7880
Media Enquiries:
Helen Gustard
Corporate Communications, ICG plc
+44 (0) 20 3201 7760
Neil Bennett
Maitland
+44 (0) 20 379 5151