ICG Enterprise Trust Newsletter – August 2025

Reflections from our Shareholder Seminar, Hardman Talks interviews and more

We hope everyone in the northern hemisphere is having a good start to summer, and for those with some time on their hands we have two videos to flag:

1. Shareholder Seminar now available online 

A video of our recent Shareholder Seminar is now available online. We were joined by our Chair, Jane Tufnell, and over the session we explored our approach to portfolio management; how we invest for long-term growth; and the role secondaries plays in our portfolio. We were also joined by one of our US managers, Gridiron Capital, who explained their investment strategy in more detail; how we have partnered with them over the years; and the opportunities they are seeing. You can watch the recording by clicking here.

2. Hardman Talks

We featured on Hardman Talks in June, with two videos answering investor questions on recent trends in transaction activity, capital allocation, valuations and discounts. The recordings are available here and here.

The last few weeks have also seen more good news around realisations, with the sale of our co-investment in Datasite that generated cash proceeds for ICGT of $30 million (£22 million). At 31 January 2025 Datasite was ICGT’s fourth largest company.
 
As we look to the summer and beyond, we feel in good shape from a portfolio perspective, and wish you all a restful break.

Oliver and Colm

Past performance is not a reliable indicator of future results.

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