Intermediate Capital Group is a private equity investment firm focused on providing capital to help companies grow through private and public markets and provides a number of strategies and funds aimed at institutional investors.

The business was founded by six investment professionals in 1989 and was first listed on the London Stock Exchange in 1994.

[4] ICG has diversified its business away from its origins in private debt and equity, buying the real estate business Longbow in 2014, and taking over management of the Graphite Enterprise Trust, which is now known as the ICG Enterprise Trust, in 2015.

[5] It hired an infrastructure investment team in 2018 and, in 2019, announced plans to build a private equity business in North America.

[6] ICG has been a beneficiary of the trend for institutional investors to allocate assets to alternative investments, raising over €10bn during the year ended 31 March 2019.