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ICG closes 2.25bn mezz fund30/03/2007. Source: AltAssets. 
 Intermediate Capital Group PLC, a provider of mezzanine finance and fund manager in Europe and Asia, has held a final close of its 2.25bn European Fund 2006, representing 1.25bn of equity interests and 1.0bn of leverage. Almost 70 per cent of the commitments come from European investors, 19 per cent from Asia and the remainder from North America and the Middle East.
The fund will primarily make mezzanine investments in the financing of European leveraged buy-outs. In addition, the fund is able to make equity co-investments and to purchase senior debt and mezzanine loans in the secondary debt market.
Commenting on the fund close, Tom Attwood, managing director of ICG, said, 'This is our fourth European Mezzanine Fund, increasing our capacity to offer private equity sponsors optimal financing structures in this dynamic market while providing attractive returns to our fund investors. Over the years we have developed strong, long-standing relationships with our existing investor base as evidenced by the fact that 78 per cent of commitments come from existing LPs. We are particularly pleased that this Fund has attracted a number of significant new investors thereby supporting ICGs growth.'
ICG's mezzanine investment has 35 executives operating out of their head office in London and local offices in Paris, Madrid, Stockholm, as well as a representative office in Frankfurt.
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