ICG related stories
All articles and analysis
ICG assets rise to over €20bnThe London-based manager produced strong fundraising and profitability figures as it reported its interim results. The alternative credit manager has nine vehicles currently in fundraising mode.
- Hayfin back on the road with two funds - exclusive
The private debt manager, which recently underwent a restructuring at ownership level, is back in the market with two successor funds – a new direct lending vehicle and its second special situations fund.
- ICG bets on Gala Bingo with £155m loan
In a sign that some private debt funds are underwriting bigger unitranche loans, ICG is the sole provider of £155 million in debt to Gala Bingo.
- ‘Mezz without covenants is an aberration’
Panellists and delegates at PDI’s Capital Structure Forum in London this week agreed that covenant-lite deals have no place in mid-market lending. Why, then, are cov-loose agreements on the rise?
- Growing gap between expectations and delivery – PDI Forum
Direct lending comes under scrutiny at PDI’s third European conference. There are still pockets of opportunity in private debt however.
- Chart of the week: North American private debt fund managers beat 2014 total
Closed-ended private debt fund managers based in North America have raised more capital for European and global vehicles in three quarters than for all of 2014
- ICG closes in on North American target
The UK-listed asset manager is nearing a final close on its debut North American fund and has expanded its US investment team with a hire from Barclays.
- PSERS plows $650m into three credit relationships
The $52 billion Pennsylvania pension plan is making new commitments to the Avenue Special Situations fund and the OWS Credit Opportunity fund, while also drafting a high-yield separate account with TPG.
- Pemberton hires head of investor relations
Mike Anderson, with 14 years’ of experience in private debt, has left ICG to become Pemberton’s new head of investor relations.
- Private debt fundraising hits $90bn
Significant fund closes in the third quarter drive growth in the year-to-date fundraising tally, which already exceeds the full-year 2014 total.