ICG, the global alternative asset manager, today announced that it has appointed Sujey Subramanian to lead its Asia-Pacific Corporate investment strategy, effective 1 May. Based in Singapore, Sujey will bolster ICG’s presence in the APAC region, leading and expanding the team and driving the growth of its flexible capital approach across a range of attractive investment opportunities.
ICG’s Asia-Pacific Corporate team is currently investing its fourth vintage fund, with investment professionals located across Singapore, Hong Kong, Tokyo, Seoul and Sydney. It targets locally sourced, directly originated and privately negotiated flexible investments in subordinated debt and equity in companies across Asia-Pacific. The team recently realised successful investments in Yudo China Holdings, generating a 2.6x MM, PSB Academy with a 2.9x MM, and SCF Containers with a 2.0x MM.
Sujey joins ICG from PAG, where he served as Deputy Chief Investment Officer and Head of Southeast Asia for its flagship private equity strategy. Having joined the firm in 2013, he played an important role in growing the business since its maiden private equity fund through the sourcing, evaluation and execution of investment opportunities across the APAC region. As a key member of its Investment Committee, Sujey also contributed to PAG’s overall investment strategy, portfolio construction and team development.
His earlier career was spent with TPG Capital in Singapore for six years, focused on Southeast Asian private equity, and in investment banking with Merrill Lynch. Sujey holds bachelor’s and master’s degrees from Stanford University.
Benoît Durteste, Chief Executive Officer and Chief Investment Officer:
We are delighted to welcome Sujey to ICG as we continue to grow our business and invest in our team in the region. We see tremendous opportunity in Asia-Pacific and are confident that Sujey’s depth of experience combined with ICG’s uniquely differentiated investment proposition will drive value both for our portfolio companies in APAC and for our clients globally.
ICG is highly committed to growing its Asia-Pacific business, focusing both on its well-established Corporate investment strategy which has a track record of over 20 years as well as its nascent Infrastructure Equity strategy where it has recently completed investments in Ray8 Energy, the Japanese specialist in battery energy storage systems, and Obton, the Japanese renewables business.
Sujey Subramanian, designated Head of Asia-Pacific Corporate at ICG, said:
ICG is a top-tier global alternative asset manager with a distinguished reputation for the market-leading, differentiated capital solutions that have driven its growth from $50bn in AUM five years ago to $127bn today. I look forward to building on the Asia-Pacific Corporate team’s successes, supporting ambitious businesses while generating enhanced value for our investors.
Past performance is not a reliable indicator of future results.
Note: AUM at 31 March 2020 (source: Annual results for the year ended 31 March 2020) and 31 December 2025 (source: Q3 Trading statement for the period to 31 December 2025).
For further information please contact:
Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
[email protected]
Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
[email protected]
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 31 December 2025.
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