TopBannerMillenium

Corporate overview

ICG is a global asset manager with approximately £41.3bn AUM*, 423 employees and consultants in 14 offices across 13 countries worldwide. ICG has over 31 years of investment experience in corporate credit and has become a market leader in this asset class. Building on this success it has expanded its investment strategies over the years, both through organic growth and acquisitions, and has evolved into an integrated global asset manager. Today, ICG operates globally across four business lines – private market corpo-rate, real asset, private equity and capital market strategies. ICG’s cross collaboration continually supports its successful investing on behalf of its investors. Deep multi-sector industry knowledge and the ability to share information on specific sectors also contributes to its excellent track record.

ICG Real Estate has £4.3bn of assets under management. It provides debt and equity capital to UK and European commercial property and residential markets across its four strategies – partnership capital, sale and leaseback, senior debt and development.

Approaching its investments as a partnership with its clients and equity partners, ICG real estate provides flexible and bespoke funding solutions which support the varied investment objectives of property companies, developers, corporates institutions.

With a 40-strong, multi-disciplined professional team, ICG real estate directly sources, structures and underwrites its own investment opportunities. All investments are managed in-house by a team of seven professionals dedicated to credit risk management, portfolio monitoring and fund operations. The senior management team has an average of 30 years’ experience in direct property, financing, credit and investment management.

ICG is listed on the London Stock Exchange (ticker symbol: ICP). Further details are available at: www.icgam.com. You can follow ICG on Twitter and LinkedIn.

*As at 30 June 2020

Investment principles & strategy

ICG takes a selective approach to investing, with risk-averse underwriting and investment decisions based on our in-depth understanding of property occupational and capital markets fundamentals.

ESG

ICG has been a signatory to the UNPRI since 2013. ICG believes that environmental, social and governance (ESG) factors can positively contribute to investment performance, as well as contributing to help build a more stable, sustainable and inclusive global economy. ICG has a track record of developing sustainable funds that meaningfully contribute to achieving the Sustainable Development Goals (SDGs), the Paris Agreement and the EU’s ambition to be climate-neutral by 2050.

To date ICG has launched two sustainable funds, which specifically aim to take account of climate-related risks and opportunities: the ICG Sale and Leaseback fund and the ICG Infrastructure Equity fund.

ICG Real Estate (ICGRE) is developing its green loan framework, which will provide a structured, sound and innovative approach to green financing for commercial property investments and will begin to be implemented in 2021.

ICGRE includes ESG considerations in the entire investment process, from screening to monitoring and eventual exit.

OUR STRATEGIES

Partnership Capital

  • Whole loans, mezzanine and preferred equity up to 100% of purchase price
  • Secured against UK, Northern European and Western European commercial property
  • A focus on investments underpinned by structural or demographic-driven demand, patterns and/or supply shortfalls.
  • Preference for value-add projects from £20m–150m.

Senior Debt

  • Fixed-rate loans up to 65% LTV; loan terms from three to 20 years
  • A primary focus on mid-market lending and investing across the UK regions
  • Preference for diverse income streams and value-add business
  • Loan commitments from £10m–100m across core and alternative property sectors.

Development

  • Whole loan development
  • Flexible approach can accommodate dynamic business plans
  • Focus is on residential lead schemes with planning
  • Loan size £25m–250m.

Sale and Leaseback

  • Acquisition of mission-critical real estate from corporates
  • Monetises 100% of the corporate’s real estate value in a tax efficient manner
  • Corporate maintains full operational control of its real estate
  • Pan-European, cross-sector
  • Assets acquired from €40m–400m.

Strategic corporate development

Established in 2006 and acquired in 2011 by Intermediate Capital Group (ICG), ICG Real Estate (ICGRE) has built a long and successful track record in UK and European real estate finance. The management team has an average of almost 28 years’ experience in direct property, banking or investment management and the co-heads of the ICGRE team, Kevin Cooper and Martin Wheeler, have worked together since 1998.

ICG Real Estate has grown to become the second largest commercial real estate debt manager in Europe*. The investment teams now provide investors four principal strategies, offering differentiated risk and return profiles across debt and equity in the UK and more recently expanding into Europe through its sale and leaseback and partnership capital strategies.

* Source: Real Estate Capital Debt Fund 25 – Summer 2020.

Performance verification

ICG Real Estate and founders have a track record dating back to 2002, all underpinned by its consistent pan-European focus and investment philosophy, covering:

  • In excess of £5.3bn advanced in connection with 131 senior debt transactions
  • In excess of £3.5bn invested in 132 whole loan, mezzanine and equity transactions as part of the partnership capital strategy
  • In excess of £600m invested in eight whole loan development finance transactions as part of the residential development strategy
  • In excess of €418m invested in three sale and leaseback transactions.

COMPLIANCE STATEMENT

The information contained herein is for the sole purpose of providing general information to institutional investors about ICG. Certain information provided herein sets out general views of ICG regarding certain property markets and types of property there in. No representation is made concerning the accuracy of the information compiled herein, and no guarantee or assurance is given that any forecast or opinion in these materials will be realised. For the avoidance of doubt, the information contained herein is not investment advice and may not be construed as the promotion or marketing of any services or financial product sponsored or provided by ICG. The regulated activities of ICG are authorised and regulated by the Financial Conduct Authority in the United Kingdom.