Amundi, ICG Launch Private Equity Secondaries Fund

Amundi and ICG have unveiled their inaugural joint product, the Amundi ICG Global Private Equity Secondaries fund. This evergreen strategy is engineered to grant wealth management clients access to the lucrative private equity secondaries market, a segment experiencing robust growth. The fund's initial investment has already been deployed into a curated selection of high-caliber, rapidly expanding enterprises situated across the United States and Europe.

This initiative directly addresses key demands from individual investors seeking more immediate engagement with private markets. Unlike traditional private equity funds that require capital deployment over extended periods, this secondaries approach offers exposure to established portfolios. Investors can benefit from the illiquidity premium inherent in private markets, alongside enhanced diversification for their existing holdings. The strategy prioritizes market-leading, unlisted companies, aiming for greater cash flow predictability and attractive long-term returns.

The private equity secondaries market has demonstrated significant traction, with LP-led transactions reaching a record €107 billion in 2025. This represents a compound annual growth rate of 15% over the preceding decade, underscoring a sustained investor appetite for this asset class. The Amundi ICG Global Private Equity Secondaries fund leverages ICG's extensive experience in sourcing and underwriting secondary interests, providing access to opportunities previously out of reach for many individual investors. Furthermore, the fund facilitates monthly subscriptions and offers potential for quarterly redemptions, albeit with specific limitations.

This collaboration marries ICG's deep expertise in private equity secondaries, including its robust investment platform and market access, with Amundi's proficiency in product structuring, understanding of wealth client needs, and broad distribution capabilities. This synergy is designed to deliver sophisticated private market solutions that cater to the evolving requirements of wealth clients, particularly in areas like portfolio diversification and retirement planning. The fund's structure aims to provide immediate exposure to a diversified array of established, private equity-backed businesses.

Oliver Gardey and Ryan Levitt, Co-Portfolio Managers of the fund at ICG, expressed enthusiasm for the launch, highlighting its role in offering wealth investors institutional-quality access to ICG's established LP secondaries strategy. They emphasized the fund's potential to provide immediate exposure to a highly diversified set of leading private equity-owned companies in the US and Europe.

Vincent Mortier, Chief Investment Officer at Amundi, underscored the launch as a significant milestone in the partnership between Amundi and ICG. He noted that the fund exemplifies their collaborative strength and shared commitment to providing tailored, differentiated private markets solutions that meet the dynamic needs of wealth clients. The broader context of this launch is the increasing demand for alternative investments among high-net-worth individuals and the growing sophistication of wealth management platforms in offering such products.