Empire State Building, New York City


Primary commitment

Key Stats

  • Commitment date: April 2019
  • Region: North America
  • Strategy: Mid-market buyouts
  • Focus: High free cash flow deals
  • Fund size: $4.5bn (target)
Long established US private firm, founded in 1968


AEA is one of the longest established US private firms, having been founded in 1968. It focuses on businesses in the industrial and consumer sectors, targeting niche sub-sectors such as packaging and high growth consumer brands. It has a highly operationally focused approach which allows AEA to execute complex transactions successfully such as corporate carve-outs. The investment team which will deploy AEA VII has a successful track record of delivering consistently strong returns through economic cycles.

Investment rationale

  • Experienced senior team with deep experience through market cycles
  • Strong and consistent track record
  • Strong operational heritage within the firm
  • High degree of strategic alignment with ICG Enterprise Trust
  • Focus on ‘defensive growth’ companies