ICG fundraises for Asia

London-based fund manager Intermediate Capital Group is building an Asian mezzanine business, with a $150m fundraising effort currently underway.

Intermediate Capital Group (ICG), the quoted mezzanine provider and specialist asset management house, is in the process of raising a mezzanine fund that will service the buyout markets in Japan, South Korea, Australia and Hong Kong. It is the first effort undertaken by a European mezzanine house to expand into the Far East.

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