LP round up: $2.8 billion flows to credit as Apollo concedes fundraising may slow
Florida Retirement System Trust Fund made the largest commitments allocating $1.6 billion. Apollo meanwhile acknowledged a potential slowdown in fundraising as investors await results on an independent review into CEO Leon Black's relationship with Jeffrey Epstein

ICG opens Milan office
Intermediate Capital Group has announced the opening of an office in Milan

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

ICG plans €1 billion European special situations recovery fund
Intermediate Capital Group is targeting a €1 billion final close on its second multi-strategy special situations fund, which aims to exploit opportunities in the loan market arising from the coronavirus-induced pandemic

ICG hires two for its European real estate debt platform
Intermediate Capital Group has hired two managing directors to its European real estate debt platform, according to an announcement today

ICG hires two for new mid market strategy after raising €1 billion
Intermediate Capital Group has made senior hires to help source deals and invest through a €1 billion middle market fund launched last year

US pension fund earmarks $1.3 billion for credit
Teachers’ Retirement System of the State of Illinois (TRS) is set to commit $1.3 billion to credit funds, as part of its global income portfolio.  

Indiana pension hires ICG as it shakes up credit portfolios
Indiana Public Retirement System (INPRS) has shaken up its credit and fixed income allocation, either by committing to new funds, or by restructuring its portfolios, according to documents seen by Creditflux  

ICG adds managing director to DACH subordinated debt and equity team
The new hire will be based in Frankfurt and adds to others the firm has made this year in the region

ICG brings in managing director for client-facing role spanning Austria and Germany
ICG has appointed Julia Beinker as managing director to expand the firm’s client base in Austria and Germany

ICG looks to expand in Germany with senior hire in Frankfurt
ICG has hired an official to build out its origination capabilities with the remit spanning subordinated debt and equity

ICG hires from Cerberus as it prepares for distressed opportunities
Intermediate Capital Group has announced that Alan Ross has joined from Cerberus Capital Management to work on special situations credit

Pennsylvania pension commits $150 million to European credit funds
Pennsylvania State Employees’ Retirement System approved $975 million of investments at its 24 April meeting

ICG recruits Carlyle official to European subordinated debt and equity team
Intermediate Capital Group has appointed a former Carlyle Group managing director to its team in London

UK pension allocates £900 million to four private debt managers
The £21.9 billion pension fund has awarded £900 million to three private debt managers and one real estate debt manager, according to 6 March board minutes

ICG hits €4 billion target for European private debt fund
Intermediate Capital Group has hit its €4 billion fundraising target for its seventh European private debt fund, according to the firm’s semi-annual results

Alaska pension fund puts $123 million to work following $1 billion credit platform launch
Alaska Permanent Fund Corporation (APFC) has made a $123.3 million commitment to a European direct lending fund

ICG reports €4.8 billion of inflows over three months after direct lending success
Intermediate Capital Group has released its quarter end results - showing strong inflows and deployment

Connecticut pension fund looks to mandate $140 million to private debt
Connecticut Retirement Plans and Trust Funds mandated $50 million to Balance Point Capital and is looking to invest up to $90 million to Intermediate Capital Group

US pension fund backs ICG's global mid market offerings
London-based Intermediate Capital Group has won further commitments from US pension funds for middle market credit investing

New York pension commits €200 million to ICG across two mid market funds
ICG has won a €200 million golden ticket for two of its mid market funds: ICG North American Private Debt Fund II and ICG Europe Fund VII

ICG names new head of Asia Pacific in Sydney
Intermediate Capital Group has promoted Sydney-based Ryan Shelswell to head of Asia Pacific, with the change to take effect in July

Pennsylvania pension fund to commit €150 million to direct lending
The Public School Employees’ Retirement Board has recommended a €150 million investment in Intermediate Capital Group's ICG Europe VII fund

US pension fund commits to ICG's latest European mid-market fund
London-based Intermediate Capital Group has started fundraising for its ICG Europe Fund VII fund – and recently received commitments of $75 million from a pension fund, according to filings seen by Creditflux

ICG names new non-executive director in London
ICG has announced a new hire to its London office: a director with significant experience in the asset management space, including a stint as chair at SVG Capital