The Goodwin Private Investment Funds team advised Intermediate Capital Group (“ICG”) on the structuring and fundraising of its second European Infrastructure fund. ICG Infrastructure Fund II (the “Fund”) received €3.15bn ($3.7bn) of commitments, more than doubling in size compared to the preceding fund, ICG Infrastructure Equity I (“ICG Infra I”), which Goodwin also advised on, and which closed on €1.5 billion in 2022. The Fund was oversubscribed, materially surpassing its €2 billion target owing to strong demand from a global and diversified group of investors, with a re-up rate from ICG Infra I investors exceeding 85%.
The Goodwin team was led by Ravi Chopra, with assistance from Pete Parkes, Saujanya Hosmani, Chloe Capone, Thomas Howard, Ian Harvey, Konstantinos Oikonomou-Papadimitriou, Theo Thomzik, Charlotte Haywood, Laura Charkin, Matthew Rees, Alexandrine Armstrong-Cerfontaine, Oana Millich, Julien Schraub, Yann Ricard, Jessica Laglasse, Jules Oger-Vilcocq, Esteban Ribeiro, John Stern, Karen Turk, Bibek Pandey and Greg Larkin.
ICG is a global alternative asset manager with $123bn* in AUM and more than three decades of experience generating attractive returns. They operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets.
For more information on the deal, please read ICG’s press release.