Simpson Thacher represented ICG in the establishment of its fifth GP-led secondaries fund program, ICG Strategic Equity Fund V (“ICGSE V”). ICG announced that ICGSE V, together with its related vehicles, received $11 billion of capital commitments and was oversubscribed at its increased hard cap, materially surpassing its original $6 billion target and more than doubling its predecessor fund program, which Simpson Thacher also advised ICG on.
Since its inception in 2014, ICG Strategic Equity has focused exclusively on the GP-led secondary market. ICGSE V will continue its investment strategy of partnering with leading private equity sponsors to invest in single asset continuation vehicles for high-quality companies in North America and Western Europe.
The Simpson Thacher team included Rony Rothken, Olga Gutman, Mia Pisk, Katie Lunt, Siwei Yang, Lena Dennington, Enzo Salamone, Anna-Carolina Zwinge, Nikaury Payano, Cullen Bryant, Thomas Boland and Wade Landry (Funds); Nancy Mehlman, Jodi Schneider and Paul Jansch (Tax); Erica Rozow and Jeanne Annarumma (ERISA); and Ashley Belton Gold and Jessica Paletsky (Fund Finance).