In this note, we examine how ICGT’s approach to active portfolio construction and management adds value to its investors. ICGT has a focused, multi-stage approach, with a stringent filtering process, which starts with the whole private equity (PE) market but then narrows down investments to buyouts – in developed markets, mainly in the mid-market/larger deals, and through leading PE managers. Individual opportunities must then meet ICGT’s defensive growth strategy. Third-party manager relationships are leveraged to generate high-conviction (HC) ideas. This has all led to an 11% NAV total return over nine months and 203% over 10 years.
11 Mar 2021
ICGT’s steps to value-adding portfolio construction
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ICGT’s steps to value-adding portfolio construction
ICG Enterprise Trust PLC GBP (ICGT:LON) | 1,198 0 0.0% | Mkt Cap: 798.9m
- Published:
11 Mar 2021 -
Author:
Mark Thomas -
Pages:
17
In this note, we examine how ICGT’s approach to active portfolio construction and management adds value to its investors. ICGT has a focused, multi-stage approach, with a stringent filtering process, which starts with the whole private equity (PE) market but then narrows down investments to buyouts – in developed markets, mainly in the mid-market/larger deals, and through leading PE managers. Individual opportunities must then meet ICGT’s defensive growth strategy. Third-party manager relationships are leveraged to generate high-conviction (HC) ideas. This has all led to an 11% NAV total return over nine months and 203% over 10 years.