Intermediate Capital Group (ICG) is looking to hold a first close before the end of February on its latest secondaries fund targeting restructurings, Secondaries Investorhas learned.
The mezzanine powerhouse is expected to have raised between $150 million and $300 million for ICG Strategic Secondaries Fund II, according to a source familiar with the matter.
The fund is targeting $1 billion. It is understood that ICG will also commit a significant amount of its capital to the fund.
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