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Intermediate Capital Group closes debut Infrastructure fund at €1.5b
Fundraising - APRIL 1, 2022

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Intermediate Capital Group closes debut Infrastructure fund at €1.5b

by Kali Persall

Intermediate Capital Group (ICG) has wrapped up fundraising for its debut Infrastructure fund, ICG Infrastructure Equity 1. The fund raised €1.5 billion ($1.7 billion) of commitments, surpassing its target of €1 billion ($1.1 billion) due to strong demand from a global client base.

The fund was backed by more than 40 clients across Europe, the United Kingdom, Australia, the United States and Canada.

ICG Infrastructure Equity 1 is pursuing a green generalist strategy in Western Europe, in line with U.N. Sustainable Development Goals. The fund will invest in sustainable infrastructure such as renewables, energy efficiency, fiber-optic networks, electric mobility and social infrastructure.

“We are incredibly proud to reach this milestone and are grateful for the confidence our clients have placed in us,” said Guillaume d’Engremont, managing director and head of European infrastructure at ICG. “We have a strong pipeline of opportunities ahead of us, and

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