Intermediate Capital Group (ICG) has appointed Ryan Levitt as a Managing Director responsible for building out ICG’s presence in private equity funds investments in North America.
ICG’s Private Equity Funds Investments team currently manages the $1bn (£811m) ICG Enterprise Trust, which has just been promoted to London’s FTSE 250 index.
Ryan has joined ICG in New York from Drum Capital Management, where he worked as a Managing Director responsible for sourcing, underwriting and portfolio management of primary, secondary, co-investment and control equity transactions. Prior to this, he worked for 11 years at Pomona Capital as a Partner.
At ICG, Ryan will work with Oliver Gardey, Head of Private Equity Fund Investments and Colm Walsh (Managing Director and ICG Enterprise Trust portfolio manager) to leverage ICG’s success in the alternative assets market to build out its platform in the US.
Oliver Gardey, Head of Private Equity Fund Investments, said:
The private equity secondaries and co-investment market is enjoying strong growth and we see significant opportunities to extend our exposure to this market. Appointing Ryan was a logical step given he and I successfully worked for many years together at Pomona Capital. I am delighted to have joined forces with him again as we seek to build out our team and develop ICG’s Private Equity Funds Investments business in North America.
Ryan Levitt said:
ICG has an excellent reputation as an investor in the alternative assets market. I am delighted to be working with Oliver again as we seek to leverage the Company’s platform to build out its US exposure to primaries, co-investments and secondaries.