Gridiron Capital

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Primary commitment

Long-term relationship with leading manager after introduction through ICG network

Key Stats

  • Third ICG Enterprise Trust commitment to Gridiron Capital
  • The ~$20 million commitment in FY23 (year to 31 January 2023) is in Gridiron Capital Fund V
  • Follows a $15m commitment to Gridiron Capital Fund III (2016) and $17.5m commitment to Gridiron Capital Fund IV (2019)
ICGT’s third commitment to funds managed by Gridiron, following a $15.0m commitment to Gridiron Capital Fund III (2016) and a $17.5m commitment to Gridiron Capital Fund IV (2019)

Hands on approach

Culture comes from previous experience as entrepreneurs and business owners.

Specialist knowledge

Thematic, industry-focused approach to investing across three core sectors:

  1. B2B and B2C Services
  2. Branded Consumer
  3. Niche Industrial

Successful realisations

Rough Country Suspension Systems


ICG Enterprise Trust has co-invested $24.3m across three investments alongside Gridiron:

  • AML Rightsource
  • Class Valuation
  • Vistage1


1. Investment into Vistage announced post-period end, not yet reflected in Portfolio holdings.
Source: ICG Enterprise Trust, as of 31st July 2022