The business is responsible for managing and investing the Graphite Enterprise Trust, a London listed investment trust making primary and secondary fund investments and co-investments. The trust will be renamed the ‘ICG Enterprise Trust’.
The private equity funds investment business is complementary to ICG’s expertise in investing in private markets, combining flexible solutions and local access and insight into investment opportunities. ICG is committed to innovating and pioneering new strategies where value can be delivered for investors.
Commenting on the news, Philip Keller, Chief Financial Officer, ICG said:
ICG is delighted the Graphite Enterprise Trust Board have chosen to move the management of the investment trust to ICG for its future development, we see great opportunities to continue to develop the strategy for existing shareholders as well as to deliver a new strategic business area for ICG.