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Funds
ICG closes European recovery fund
Tuesday, April 13, 2010
Intermediate Capital Group has announced that it has closed its ICG Recovery Fund at €843 million. The London-based credit manager adds that its own co-investment takes the pool of capital it has to invest in credit recovery situations to €1.5 billion. The fund, which is already 30% invested, will invest in the debt of mid-market European companies. It adds that investors in the fund include those from the US, Asia and the middle east.
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Trading
Structured
CFlux secondary
CLO index levels:
| Index | 14 May |
|
| CFlux USD AAA | ↑ | 96.0 |
| CFlux USD AA | ↑ |
87.7 |
| CFlux USD A | ↑ | 85.1 |
| CFlux USD BBB | ↓ | 77.2 |
| CFlux USD BB | ↑ |
75.9 |
| CFlux USD EQ | ↓ | 76.7 |
