This is ICGT’s third commitment to funds managed by Gridiron, following a $15.0m commitment to Gridiron Capital Fund III in 2016 and a $17.5m commitment to Gridiron Capital Fund IV in 2019.
Gridiron Capital Fund III and Gridiron Capital Fund IV have both performed strongly. ICGT recently benefitted from the successful realisation of Rough Country (previously one of ICGT’s 30 largest company exposures) and has also co-invested directly in two Gridiron investments, AML Rightsource and Class Valuation. Both of these investments were amongst the 30 largest company exposures for ICGT at 31 October 2021 and represented, at that time, a combined 2.1% of the portfolio value.
Analyst / Investor enquiries:
Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
Chris Hunt, Head of Shareholder Relations, ICG
Livia Bridgman Baker, Shareholder Relations, ICG
+44 (0) 20 3545 2000
Clare Glynn, Corporate Communications, ICG
+44 (0)20 3545 1395