ICG, the global alternative asset manager, today announced that it has completed fundraising for the ninth vintage of its flagship European Corporate strategy. ICG Europe Fund IX (“EF IX” or “the Fund”) held its final close at €12bn, a 50% increase compared to its predecessor, ICG Europe VIII. EF IX represents the largest dedicated structured capital fund raised globally[1], reflecting both the scale of investor demand for the strategy, and the growing importance of capital solutions in today’s investment environment.
EF IX received €5.9bn of commitments from previous investors, representing a 77% re-up rate by commitment. The Fund also attracted approximately 90 new LPs, who together committed a further €6.7bn. This support reflects ICG’s unique offering and strong brand recognition in a market where LPs are increasingly concentrating allocations among fewer, proven managers. Although significantly oversubscribed, EF IX accepted €12bn of commitments, electing not to raise its hard cap, allowing the Fund to remain highly selective, pursuing only the most attractive investment opportunities. The Fund is currently 22% deployed across six investments.
Consistent with its 37 year industry-leading track record, ICG’s European Corporate strategy presents a multi-decade, consistently top-decile DPI, and a highly differentiated investment approach offering a compelling risk-return profile. European Corporate forms part of ICG’s Structured Capital platform, alongside the European Mid-Market and Asia Pacific Corporate strategies.
Benoît Durteste, CIO and CEO of ICG, commented:
We are grateful to partner with a growing and sophisticated base of LPs on this highly differentiated strategy. Our clients have demonstrated significant conviction in our investment thesis and continued support for the flexible capital strategy we pioneered. This fundraise also reflects our disciplined investment approach, raising only what we believe can be deployed effectively to ensure continued investment excellence. We look forward to offering clients further opportunities to invest in ICG’s Structured Capital platform with complementary size and geographic focuses.
– Ends –
[1] Source: Preqin, ICG, data as at 07 September 2026
Note: Since 30 June 2026 the Fund has closed fee-eligible commitments totalling c. €1bn.
Past performance is not a reliable indicator of future results.
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 $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; 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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