ICG Ludgate Hill I

3D rendered financial performance bar chart results shot on a reflective background


Secondary investment

Secondary investment alongside our manager, ICG

Key Stats

  • ~£32m total investment in FY22 (year to 31 January 2022)
  • 90+ underlying funds
  • 22% industrials
  • 19% healthcare
  • 15% technology, media and telecom (TMT)
  • 14% consumer goods and services
  • 14% business services
  • 16% other
Diversified by fund and sector


Comprehensive visibility of portfolio at both fund and underlying investment level.

Diversified portfolio

Exposure to over 90 funds with minimal investment concentration: largest company is less than 4% of portfolio net asset value (NAV).


Mature portfolio (average company age ~9 years) driving substantial liquidity events in the near term.

Track record

Funds managed by leading, top quartile, GPs building on strong relationships.