ICG, the global alternative asset manager, today announced the appointment of Friedel Drees as Managing Director within its European Corporate strategy. Friedel will report into European Corporate’s Head of DACH, Jens Tonn.
Prior to joining ICG, Friedel enjoyed a 15-year tenure at The Carlyle Group, where he most recently served as Partner and Managing Director focusing on the DACH region.
Friedel joins ICG’s European Corporate team comprising 70 investment professionals based across seven European offices. One of ICG’s flagship strategies, European Corporate boasts a 35-year track record and targets locally sourced, directly originated and privately negotiated investments in European corporates, providing flexible, tailored solutions to family owners, founders and management teams alike.
Friedel’s appointment coincides with the launch of ICG’s second office in Germany, in Munich on Brienner Straße, underpinning the firm’s strong commitment to the German market. ICG’s Frankfurt office opened in 2004.
Jens Tonn, Head of DACH for European Corporate at ICG, said:
We are delighted to welcome Friedel to ICG. He will bring deep expertise that will add greatly to our existing capabilities. Our new Munich office will also help us to leverage local origination networks as we look to drive further growth in the DACH region.
Friedel Drees, Managing Director at ICG, added:
I’m excited to join ICG to help leverage the unique platform ICG offers with its strong focus on long-term partnerships with management teams and founders. I look forward to working with my new colleagues to further create value for our diverse and ever-growing client base.
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For further information please contact:
Clare Glynn
Head of Corporate Communications
Maisie Le Masurier
Corporate Communications
About ICG
ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with a 35-year history, managing $107bn of assets* and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.
We develop long-term relationships with our business partners to deliver value for shareholders, clients and employees, and use our position of influence to benefit the environment and society. We are committed to being a net zero asset manager across our operations and relevant investments** by 2040.
ICG is a member of the FTSE 100 and listed on the London Stock Exchange (ticker symbol: ICG). Further details are available at www.icgam.com. You can follow ICG on LinkedIn and Instagram.
*Past performance is not a reliable indicator of future results; as at 31 December 2024.
**Relevant Investments include all direct investments within ICG’s Structured and Private Equity asset class and Infrastructure Equity strategy, where ICG has sufficient influence. Sufficient influence is currently defined by Science-Based Targets initiative (SBTi) as follows: at least 25% of fully diluted shares and at least a board seat.
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