LP Secondaries

One strategy, two ways to access

Tenured investment team with a 16+ year history of investing together in limited partnership (LP) led private equity secondary transactions, managing both closed-end and evergreen vehicles.

The team is distinguished through its pureplay approach to LP-led secondaries which aims to offer accelerated liquidity, cashflow and asset visibility, and seeks upside through NAV growth.

The investment approach is accessible through closed-end programmes (1) or a semi-liquid evergreen vehicle (2):

1. Portfolios comprised of 100% LP-led secondary investments, managed by high-quality general partners in North America and Europe, seeking to generate private equity-like returns with credit-type risk, while aiming for a quicker payback period.
2. Institutional quality evergreen investment vehicle which offers exposure to the same deals as the closed-end programmes but in a perpetual structure. Offers investors quarterly liquidity.

Both seek competitive advantage by leveraging whole London- and New York-based team, as well as the broader, global ICG platform. ICG’s evergreen listed private equity investment trust, a leading PE fund-of-funds, provides the LP Secondaries strategy with significant access and information advantages.