
ICG Q2 results show appetite for direct lending
Intermediate Capital Group’s (ICG) interim results highlight healthy investor appetite for direct lending funds.
ICG held a final close for its €1.7bn senior debt fund earlier this year, surpassing its €1bn target and raising €455m of that amount in Q2 this year.
Despite competition heating up, the firm has deployed €579m from its direct lending fund – up 66% on the comparative period last year. Its €1.7bn vehicle is now 42% invested.
ICG's Dagmar Kent Kershaw recently discussed the increasingly plentiful and attractive financing options for borrowers with unquote".
This month, RBS's managing director of financial sponsors, Richard Roach, and its head of funds and asset management, Malcolm Hassan, also explained why direct lending funds have become so popular with institutional investors – watch our sponsored video roundtable here.
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