Intermediate Capital Group hires NewGlobe team for secondaries platform
Intermediate Capital Group, a credit-oriented investment firm, has hired secondary shop NewGlobe Capital as its new secondaries platform. ICG's new secondaries team will focus on restructuring older private equity funds. The NewGlobe team has been co-leading, along with Goldman Sachs, the restructuring of Diamond Castle IV, which closed on about $1.8 billion in 2006. Under the restructuring, NewGlobe and Goldman have financed the creation of a new $860 million vehicle to house remaining Diamond Castle IV portfolio companies.
20 November 2014•3 mins read
