Intermediate Capital Group, a London-based alternative asset manager with more than €27bn under management, is seeking to raise at least €4bn from investors for its latest flagship debt strategy, according to documents released by an investor in the fund.
The fund, ICG Europe Fund VII, will target debt investments in 15 to 25 European companies worth between €100m and €1.5bn, the documents from the Pennsylvania Public School Employees’ Retirement System show.