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ICG reaches EUR1.5bn for debut Infrastructure fund

Intermediate Capital Group (ICG), a global alternative asset manager, has completed fundraising for its debut Infrastructure fund, ICG Infrastructure Equity 1 (ICG Infra), with total commitments of EUR1.5 billion, surpassing its target of EUR1 billion due to strong demand from a global client base.

The Fund attracted commitments from over 40 clients across Europe, the UK, Australia, the US and Canada.

The Fund focuses on Western Europe and is pursuing a green generalist strategy aligned to UN Sustainable Development Goals. To date, the team has deployed EUR1 billion across five deals, of which the Fund has committed EUR0.6 billion and made EUR0.4 billion available to clients as co-investment opportunities, illustrating its thesis of investing in sustainable infrastructure, such as renewables, energy efficiency, fibre optic networks, electric mobility, and social infrastructure.

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