The Goodwin Private Investment Funds team advised Intermediate Capital Group on the structuring and fundraising of its eighth European Corporate fund. The Fund held a final close with a total fund size of €8.1 billion, materially in excess of the target of €7.0 billion and exceeding its hard cap, as well as representing a 90% increase in client capital compared to its predecessor vintage, Europe VII.
European Corporate is one of ICG’s flagship strategies, providing flexible capital solutions to companies across Europe. With a 33-year track record, the strategy has invested over €27 billion across more than 400 transactions.
The final closing follows the successful fundraise of ICG’s debut infrastructure fund, ICG Infrastructure Equity I which had its final closing in March this year. The Fund, which Goodwin also advised ICG on, reached total commitments of €1.5 billion, surpassing its target of €1 billion due to strong demand from a global client base and attracted commitments from over 40 clients across Europe, the UK, Australia, the US and Canada. The Goodwin team also assisted ICG on the structuring and arrangements of a couple of co-investments for the infrastructure strategy.
ICG provides flexible capital solutions to help companies develop and grow. They are a leading global alternative asset manager with over 30 years’ history, managing US$71 billion of assets and investing across the capital structure. ICG operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.
The Goodwin team advising on Fund VIII was led by Shawn D’Aguiar and Ravi Chopra, with assistance from Andrew Pollock, Alexandra Carter, Saujanya Hosmani, Jack O’Callaghan, Samiha Sumar, Charlotte Haywood, Matthew Birchall, Lisa Pearson, Patrick Menasco, Bibek Pandey, Karen Turk, Karen Chao, Gregg Coughlin, Glynn Barwick, Alexandrine Armstrong-Cerfontaine and Oana Millich.
The Goodwin team advising on Infrastructure Equity I was led by Shawn D’Aguiar, with assistance from Terri Houston, Laura Charkin, Charlotte Haywood, Matthew Birchall, Lisa Pearson, Marie-Laure Bruneel, Sumiyya Ghauri, Patrick Menasco, Bibek Pandey, Bastien Voisin, Sonita Bennitt, Joe Kayser, Gretchen Scott, Brynn Peltz, Cynthia Wells, Arnaud David, Glynn Barwick and Alexandrine Armstrong-Cerfontaine.
For more information on the closing of Fund VIII, please read ICG's press release.
For more information on the closing of Infrastructure Equity I, please read ICG's press release.