ICG looks to hold first close on latest secondaries fund

The mezzanine powerhouse is expected to have raised a third of its target for the fund, which will focus on restructurings.

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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