PRINT THIS PAGE ICG opens New York office, recruits North America-focused investment team24/09/2007. Source: AltAssets. 
UK firm Intermediate Capital Group has opened an office in New York and recruited five senior investment executives to work in its new office. The new office is ICG's first in the US, and will be used to provide intermediate capital solutions to the North American market. Jason Block, who has been recruited from AlpInvest Partners where he was partner responsible for mezzanine investments, has been appointed to manage the New York office. He will report to Christophe Evain, ICG's managing director with overall responsibility for the US business.
Other senior investment team members include Gerald Chaney and Charles Rosse, both also from AlpInvest; Mike Anderson from ICG London; and Jon Marotta who has joined from York Street Capital Partners.
Block commented, 'Over the past five years our previous company invested in ICG Funds and partnered with ICG on numerous direct transactions. Based on these experiences, we developed a high regard for ICG and are delighted to join our new colleagues.'
Evain said, 'We are excited about expanding our network of offices throughout Europe and Asia to include North America. Increasing demand for our specialty financing expertise, combined with the opportunity to hire a highly qualified investment team, were key factors in the decision to open a US office. Our aim is to provide a valuable mix of global investment experience and sound, local knowledge.'
Founded in 1989, ICG is a leveraged buy-out specialist with €10bn under management. It has its head office in London, and besides New York offices in Paris, Madrid, Stockholm, Frankfurt, Hong Kong, Sydney and Tokyo.
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