ICG North American Credit Partners Fund III Raises $1.9 Billion
09.19.24
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Simpson Thacher represented Intermediate Capital Group (“ICG”) in the establishment of ICG North American Credit Partners Fund III (“NACP III”). ICG has announced that NACP III raised $1.9 billion in capital commitments, representing a 50% increase in client capital compared to the predecessor fund, which Simpson Thacher also advised ICG on. NACP III is expected to focus primarily on providing private debt financing to private equity-sponsored middle-market companies and independent corporate borrowers in North America, typically investing in businesses with $25 million to $250 million of EBITDA.
The Simpson Thacher team included Olga Gutman, Rony Rothken, Mia Pisk, Katie Lunt, Kelly Adams, Anna-Carolina Zwinge, Nikaury Payano, Cullen Bryant, Rebecca Carroll and Louise Choi (Funds); Nancy Mehlman, Jodi Schneider and Michael Slomovics (Tax); Erica Rozow and Jeanne Annarumma (ERISA); and Mary Touchstone and Jessica Paletsky (Fund Finance).