ICG has held the final close of the ICG Strategic Equity IV fund, which is focused on GP-led secondaries, at over $5 billion in capital commitments, according to a report by Secondaries Investor.
SE IV is backed by investors including CalPERS – the California Public Employees’ Retirement System ($250 million), Fubon Life Insurance ($65 million), and the New York City Employees’ Retirement System, are among the fund’s backers.
ICG IV’s predecessor fund held its final close in January 2020 at $2.4 billion.
Read more: Private Equity Wire
