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ICG predicts fundraising dip

CEO Christophe Evain says the firm is likely to raise less money from investors in the new financial year

Intermediate Capital Group is headquartered in St Paul's Churchyard
Intermediate Capital Group is headquartered in St Paul's Churchyard Photo: iStock

London-based investor Intermediate Capital Group is likely to raise less money from investors this year as the firm explores new strategies, according to its chief executive Christophe Evain.

Speaking to Financial News as ICG released its full-year results to March 31 on May 24, Evain said the firm had closed two funds in its main strategies - its European Mezzanine and Senior Debt Partners funds - over the 2015/16 financial year, but in 2016/17 it would be looking to raise smaller funds in newer areas, such as secondaries, Asian debt and real estate.

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