Alt asset manager ICG makes $1.1b final close of fourth Asia Pacific fund

Singapore. Photo: Guo Xin Goh

Global alternative asset manager ICG announced that it has made a final close of Asia Pacific Fund IV, its flagship strategy in Asia, at $1.1 billion, exceeding its target of $1 billion.

Fund IV, which is 60% larger from the last vintage, received commitments from a group of investors looking for exposure to Asia, the firm said.

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