ICG's Evain to retire after 23 years at the firm

ICG's head of European investments and current BVCA alternative lending committee chair, Beno​ît Durteste, will take over both roles as part of the firm's long-term succession plans.

Durteste will take on the positions following ICG's annual general meeting on 25 July, subject to his re-election as a director.

The announcement comes seven months after the group appointed Martin Fleischer as vice-president in its London secondaries team.

Evain joined ICG in 1994 and, during his time at the firm, was promoted from an investment director in its Paris office to managing director of Asia Pacific and then managing director of the wider group, before being appointed CEO in February 2010. According to a statement, Evain oversaw the group's transition from an investment company into a fund management business.

Prior to joining ICG, he spent three years at Banque de Gestion Privée, leaving his position as assistant director in the leveraged finance team in June 1994.

Durteste joined the group in 2002 from his position as managing director in the structured finance division at Swiss Re in London. He became executive director at ICG and a member of of its executive committee, and has led the firm's diversification into the secondaries market. He is also responsible for ICG's mezzanine business in Europe.

Prior to his spell at Swiss Re, Durteste spent six years in the leverage finance division of BNP Paribas.

ICG held a final close for its sixth fund, ICG Europe Fund VI, on €3bn in July 2015, exceeding its €2.5bn target. The group most recently acquired caravan holiday park operator Park Holidays from listed British trust Caledonia Investments in a £362m deal.

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