Intermediate Capital Group, the global alternative asset manager, announced that it has completed fundraising for its debut Infrastructure fund, ICG Infrastructure Equity 1. The Fund reached total commitments of €1.5bn, surpassing its target of €1bn due to strong demand from a global client base.
The Fund attracted commitments from over 40 clients across Europe, the UK, Australia, the US and Canada.
The Fund focuses on Western Europe and is pursuing a green generalist strategy aligned to UN Sustainable Development Goals1. To date, the team has deployed €1bn across five deals, of which the Fund has committed €0.6bn and made €0.4bn available to clients as co-investment opportunities, illustrating its thesis of investing in sustainable infrastructure, such as renewables, energy efficiency, fibre optic networks, electric mobility, and social infrastructure.
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