Assistance to Intermediate Capital Group Plc in respect with the implementation of their European Senior Debt Strategy

Posted - 22.07.2021

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Elvinger Hoss Prussen assisted Intermediate Capital Group Plc (“ICG”) in successfully pursuing its European senior direct lending strategy by advising ICG on the launch of the fourth series of compartments within its Luxembourg-based specialised investment fund. This strategy, which as at 2019 had already deployed over EUR 9.9 billion of capital, successfully attracted subscriptions/commitments from repeat and new European, American and Asian investors for a total fund raise of EUR 4.9 billion. 
The same Elvinger Hoss Prussen team furthermore assisted ICG with the setup of several “segregated mandates”- vehicles pursuing debt and fund of funds strategies tailored to European and Asian investors which ended up successfully raising EUR 4.1 billion.
The team was led by partner Sophie Laguesse, and consisted of counsel Michel Marques Pereira, senior associate Diana Toth and associate Lalita Zoukhaiev on the Investment Funds side, partner Elisabeth Adam and senior associate Georgios Merkouriou on the Tax side and partner Karl Pardaens and senior associates Jean-Bernard Spinoit and Justine Peduzzi and associate Lars Falkenberg on the Securitisation and Financing side.