ICG closes €12 billion Europe Fund IX fundraising

• ICG completed fundraising for ICG Europe Fund IX, the ninth vintage of its flagship European Corporate strategy, at EUR 12 billion.
• Final close marked a 50% increase from the prior fund, ICG Europe VIII.
• Returning investors committed EUR 5.9 billion, a 77% re-up rate by commitment.
• About 90 new limited partners added roughly EUR 6.7 billion of commitments.
• ICG kept the fund at EUR 12 billion despite oversubscription; the vehicle is 22% deployed across six investments.

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