Report
Mark Thomas

Hardman & Co Research: ICG Enterprise Trust (ICGT): Intermediate Capital Group/ICGT: friends with benefits

This note analyses the unique advantages that Intermediate Capital Group (ICG plc) has brought to ICGT since becoming the manager in 2016 and contributing to the average constant-currency portfolio return of 21% since FY17. We note i) access to ICG plc funds/co-investments where ICGT is the only way for retail/small institutional investors to obtain this exposure, ii) access to a wider range of third-party funds/co-investment opportunities by virtue of its global network and reputation, iii) insights from investment teams at ICG, which cover the whole capital structure, and iv) wider benefits from the leveraging ICG plc’s central platform.
Underlying
ICG Enterprise Trust

ICG Enterprise Trust is an investment trust. Co. is a private equity investment company focused on buyouts in developed markets. Co. invests in private equity funds and also directly in private companies. As of Jan 31 2017, Co.'s total investment portfolio amounted to £594.3 million.

Provider
Hardman & Co
Hardman & Co

We are a rapidly growing, innovative corporate research & consultancy business, based in London, serving the needs of both public and private companies.

Our expert team of sector analysts and market professionals collectively have over 400 years of experience.  This depth of knowledge and a reputation for integrity have built trust with investors. With effective communication and precision distribution, we help companies disseminate their investment message to interested investors, as well as advise them on strategy.

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Analysts
Mark Thomas

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