ICG secures mandate to manage a €100 million loan portfolio

London-based asset manager Intermediate Capital Group has announced that before the end of last year, it won a segregated mandate to manage €100 million of senior loans on behalf of a European institution. The manager also adds in its quarterly report that it is making progress towards closing European Fund V, a mezzanine loan fund with a target size of €2 billion.

ICG holds €12 billion of assets under management and is currently the fourth largest European CLO manager according to Creditflux data. The firm oversees 10 European CLOs with current AUM of roughly €6.2 billion.