Report
Mark Thomas

ICG Enterprise Trust (ICGT): ICGT in personal pensions: do as the professionals do

With UK Pensions Awareness Day taking place on 15 September 2021, in this note, we explore the reasons why PE, and ICGT in particular, may be suitable for personal pensions. In summary, ICGT gives investors a liquid, managed option to replicate what professional pension fund managers and long-term investors do. It accesses above-market compounding returns, and diversifies risk. ICGT has strong corporate governance, good disclosure, and a simple structure. Its defensive growth strategy has consistently delivered superior returns across cycles. In our view, the discount to NAV (16%) offers additional value to compounding NAV growth.
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.

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Analysts
Mark Thomas

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