ICG taps Coller for secondaries exec

Intermediate Capital Group's London offices near St Paul's

Intermediate Capital Group’s London offices near St Paul’s

ICG has hired Martin Fleischer as a manager, a spokeswoman for the firm confirmed in an emailed statement.

Fleischer left Coller Capital in June after three years at the firm, where he was a senior associate and later an investment manager, according to his LinkedIn profile. Before that, he was an associate at GMT Communications Partners.

ICG has also hired Daniel Ayeroff, an associate who previously worked at US venture and private equity firm Lightyear Capital, in its New York office, the spokeswoman said. In March, it appointed Rob Campbell as a principal in strategic secondaries in New York. Campbell had been a vice-president at American Capital, which he had worked for since July 2009 and where he was in the New York private equity buyout team.

Following these hires, ICG’s secondaries team now consists of seven investment professionals based in London and New York. The team is led by Andrew Hawkins, the co-founder of NewGlobe Capital Partners, who has also worked at Vision Capital.

The hires come as ICG is raising its first secondaries fund, for which it is targeting $ 1 billion. It has raised about half of that and is expected to close on its target in the first quarter of 2017, Financial News reported in July.

The firm has already done several deals from this fund: in November 2014 it worked with Hawkins – then still at NewGlobe – and Goldman Sachs Asset Management to recapitalise US buyout firm Diamond Castle’s fourth fund. In May 2016, ICG bought out investors who were keen to sell their stakes in VSS Communications Partners IV, a fund run by US private equity firm Veronis Suhler Stevenson.

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