Our Portfolio

ICG Subordinated Debt and Equity Strategy

A flexible strategy targeting gross annualised returns of 15%-20%, with low downside risk.

Funds within ICG’s European Mezzanine and Equity strategy invest in companies with experienced management teams, who have a proven strategy,
typically in non-cyclical industries. Investments are
usually originated, structured and managed by ICG, offering investors access to unique opportunities.

ICG has a long track record of investing across the capital structure in European
mid-market companies. 

ICG works with businesses to develop capital solutions tailored to specific requirements and designed to achieve a company’s goals. Bespoke solutions can include private debt, senior, junior and subordinated debt, mezzanine, structured loans and equity.

ICG is usually the sole institutional investor. It also invests alongside private equity sponsors or lenders, supporting the development of mature mid-market companies. ICG has been investing in the European mid-market since 1989 and has a strong presence of local teams based in offices across Europe. The team’s local knowledge, long-standing relationships,
coupled with the flexibility of ICG’s approach are a competitive advantage in accessing deals.

ICG Enterprise Trust has been investing in this strategy since 1989. At 31 January 2018, our total exposure, including undrawn commitments, was £91m, through:

Funds:

  • ICG Europe V, VI
  • ICG European Fund 2006 B
  • ICG European Fund 2008 B

Co-investments:

  • DomusVi
  • Visma
  • Education Personnel

More case studies

Share price (ICGT)

1,130p
-10.00P (-0.88%)
4:37AM 17 Oct 2021
The share price information is delayed by at least 15 minutes

Net Asset Value

1,523p
As of 31 July 2021
Next update: Q3 results for quarter ended 31 October 2021
Year Net assets NAV per share Share price Dividends per share
Jan 2021 £952m 1,384p 966p 24p
Jan 2020 £794m 1,152p 966p 23p
Jan 2019 £731m 1,057p 822p 22p
Jan 2018 £664m 959p 818p 21p
Jan 2017 £613m 871p 698p 20p
Jan 2016 £521m 731p 545p 11p
Jan 2015 £507m 695p 575p 15.5p
Jan 2014 £494m 677p 563p 15.5p
Jan 2013 £460m 631p 487p 5p
Jan 2012 £415m 569p 357p 5p
Jan 2011 £389m 534p 308p 2.25p
Dec 2009 £338m 464p 305p 2.25p
Dec 2008 £327m 449p 187p 4.5p