About This Fund
ICG's debut LP Secondaries fund, ICG LP Secondaries I (LPS I), focuses on acquiring buyout fund interests from limited partners. The fund has reached its hard cap of $1bn after being significantly oversubscribed, with total commitments amounting to $1.6bn, including co-investment special purpose vehicles and separately managed accounts. LP Secondaries invests globally, providing liquidity solutions to investors in third party private equity funds. The team, led by Oliver Gardey, Ryan Levitt, and Vivien Blossier, is comprised of specialized LP secondaries investors based in London and New York. As a pure LP secondaries strategy, the fund offers a specialized approach to the secondaries market, attracting clients who share in ICG's conviction. The success of the fundraise demonstrates the appetite for a specialized strategy within the secondaries market. With 7 LP stakes transactions already closed and over $1.5bn of assets acquired, as of April 2024, the fund aims to further build on its reputation as an LP-led secondaries specialist investor. This differentiated approach is expected to create value for clients and serve them well.