ICG, the global alternative asset manager, today announced the appointment of Ramon Arocena as Managing Director, leading its entry into Iberia for its Europe Mid-Market strategy (“ICG Europe Mid-Market” or “the Strategy”). Iberia is a natural extension for the Strategy, given the long-established team and track record of ICG’s flagship structured capital platform in the region. The Strategy is a size segmentation of ICG’s flagship, and Ramon will lead the deal sourcing and execution for the Mid-Market funds in the region. He will report to Gareth Knight, Head of ICG Europe Mid-Market, and be based in Madrid.
Ramon brings over 20 years of investment experience spanning origination, execution and portfolio value creation in Iberia and Southern Europe. He joins ICG from Advent International, where he served as Managing Director, leading and supporting investments across a range of sectors, including industrials, technology and business services. Previously, he was a Partner at Peninsula Capital, a Southern European mid-market investment firm, and began his career at EY in Madrid.
ICG Europe Mid-Market forms part of the firm’s Structured Capital platform. The platform has a 37-year track record of providing flexible, tailored capital solutions to privately owned companies. ICG Europe Mid-Market typically invests between €75m and €250m to support family owners, founders and management teams in achieving their long-term objectives.
Ramon’s appointment follows the €3.0bn final close of the Strategy’s second fund in March 2025, which raised almost three times the commitments of its predecessor fund.
Ramon’s appointment reflects our commitment to a deep local presence across Europe, which is central to how we source differentiated investment opportunities. Iberia is an important market for our strategy, and Ramon’s extensive experience and long-standing relationships will be hugely valuable as we look to partner with long-term owners where there is strong alignment and a shared vision for the future. We are delighted to welcome him to ICG and look forward to the expertise he will bring to both our team and the businesses we support.
As a first mover in the structured capital solutions space, ICG has built an impressive platform with a differentiated approach and an unparalleled track record. I look forward to working with the team to further develop our presence in Iberia, identify new investment opportunities and build lasting partnerships with family owners, founders and management teams across the region.
Past performance is not a reliable indicator of future results.
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For further information please contact:
Maisie Le Masurier
Corporate Communications
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $126bn* 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; Liquid 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 30 June 2026.
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