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ECI Partners invests in Independent Governance Group

ECI Partners, a growth-focused mid-market private equity firm, has made an investment in Independent Governance Group (IGG), a UK provider of professional pensions trusteeship and governance services, with existing investor LDC re-investing alongside ECI.

IGG was founded in February 2023 following the merger of two long-established firms, Ross Trustees and Independent Trustee Services (ITS), creating a singular destination for best-in-class professional pensions trusteeship, scheme secretarial, pensions managerial and governance services.

LDC first invested in Ross Trustees in November 2020, before backing the creation of IGG. During the partnership, LDC supported CEO Andrew Bradshaw and the wider management team to deliver strong organic and acquisitive growth.

This included significant investment in people and technology, in addition to supporting five complementary acquisitions that further strengthened IGG’s service offering to clients.

Today, IGG employs more than 200 people and its focus on an integrated approach with clients has won it 13 industry awards over the last three years. The business provides professional services to 386 pension schemes with total scheme assets of £324bn.

Over the last 18 months, IGG has established a strong regional presence in Bristol, Birmingham, Edinburgh, and Manchester, alongside its London headquarters. In the process, it has added pensions and employee benefits communications and investment governance expertise to its core services, delivered under the Like Minds and IC Select brands respectively.

IGG has also invested in significant product and service innovation to help trustee boards fulfil their responsibilities to scheme sponsors and members. This includes the launch of IGGiQ, a proprietary SaaS platform that provides holistic, real-time analysis of a scheme’s investment performance, and the introduction of IGGnite, its consolidated governance model for small pension schemes.

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