ICG Secures €3 Billion for Mid-Market Fund II
Funding | Apr 02, 2025 | Goodwin
Intermediate Capital Group (ICG) successfully closed its ICG Europe Mid-Market Fund II at €3 billion, including related vehicles, achieving a 300% increase over the initial €1 billion raised for its predecessor fund in 2019. The fundraising was advised by Goodwin's Private Investment Funds team. This mid-market fund is part of ICG's European Corporate strategy, focused on directly originated and privately negotiated subordinated debt and equity investments in mid-sized companies, aimed at long-term value creation. ICG, a leading global alternative asset manager with over $71 billion in assets, had its fundraising coordinated by a London and Luxembourg-based team led by Ravi Chopra. The team successfully engaged investors, demonstrating impressive work ethic and efficiency.
Sectors
- Private Equity
- Corporate Finance
Geography
- Europe – The fund is focused on European mid-market companies, and the fundraising involved teams located in London and Luxembourg.
Industry
- Private Equity – The article discusses fundraising activities for a Private Equity fund targeted at mid-market companies in Europe.
- Corporate Finance – The involvement of Goodwin's advisory in the structuring and fundraising aspects ties into corporate finance services.
Financials
- €3 billion – Total funds raised for ICG Europe Mid-Market Fund II.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intermediate Capital Group (ICG) | Fund Manager | Company | A leading global alternative asset manager managing $71 billion of assets. |
| Goodwin | Advisor | Company | Advisory firm involved in structuring and fundraising for ICG's fund. |
| Ravi Chopra | Lead Advisor | Person | Led the Goodwin team advising ICG's fund fundraising. |