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Highly differentiated approach targeting gross annualised returns in excess of 15%-20%.
The Strategic Equity investment strategy targets opportunities to purchase significant positions in funds and/or portfolios of companies managed by experienced private equity teams. ICG works with underlying managers and investors to tailor structured
transactions that provide solutions for all stakeholders.
Strategic Equity is a specialist private equity business operating mainly in the US and Europe with a focus on leading restructuring and recapitalisation transactions for mature private equity funds.
Led by a specialist team whose innovative, direct investment approach to this part of the market has resulted in the fund acquiring portfolios at highly attractive valuations of approximately 6x to 7x EBITDA across six transactions to date (as at 31 January 2018).
ICG partners with incumbent private equity managers to purchase their remaining unrealised portfolio companies from older funds, providing investors comprehensive liquidity options. As private equity investors, the Strategic Equity team conducts intensive portfolio and asset due diligence to determine likely future values, timing and paths to liquidity. ICG is also prepared to invest additional capital to enhance a portfolio’s future value, often taking portfolio company board seats.
At 31 January 2018, ICG Enterprise total exposure to this strategy, including
undrawn commitments, was £41m, through:
- ICG Strategic Secondaries II
- ICG Velocity Partners Co-investor