Intermediate Capital Group (ICG) has held a final close for ICG Strategic Equity Fund III (ICGSE III) on $2.4bn, exceeding its $1.6bn target.
Software systems developer is the GP's first investment from its £561m CBPE X vehicle
Following the deal, Montefiore retains a minority stake and a seat on the company's board
Following the €20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
GP is investing from its £120m SME Fund, which held a final close in July 2018