With effect from today, ICG-Longbow will be known as the real estate division of ICG plc, reflecting its position in the company’s structure.
ICG acquired 51% of Longbow Real Estate Capital in 2011 and exercised its option to fully acquire the company in 2014, rebranding it as ICG-Longbow. The business has enjoyed significant growth since becoming part of ICG, with assets under management increasing from £250m to £4.4bn, across four private debt and private equity strategies.
Martin Wheeler, Co-Head of ICG’s real estate division said:
As we enter our tenth year of working together and we look forward to moving into new offices with the wider business, we remain excited about the prospects for the real estate business and contributing to ICG’s future growth.
Kevin Cooper Co-Head of ICG’s real estate division said:
We have been a wholly owned part of the ICG business for a number of years and the revised branding is a natural evolution. What will not change is our performance and delivery focus, which has driven our growth to date, and which we are well known for.