ICG Raises $1.9B for Third North America Private Credit Fund

ICG completed fundraising on its third North America-focused private credit fund, raising $1.9B, a 50% increase in client capital compared to its predecessor fund, according to a September 19 news release.

ICG North American Credit Partners Fund III continues the firm’s strategy, first launched in 2014, focused on providing private debt financing to private-equity-sponsored middle-market companies and independent broker dealers in North America. Typical investments in the strategy are businesses with $25M to $250M of EBITDA, the firm said.

View the press release here.

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Written By: Matt Hirst, Editorial Director

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