ICG hires ex-Drum Capital exec Ryan Levitt to build out North America funds business

Intermediate Capital Group hired Ryan Levitt to help build out the firm’s private equity fund investing platform in North America. Levitt joins from Drum Capital Management, prior to which he worked at Pomona Capital as a partner. Levitt joined ICG as a managing director.

Press Release

Intermediate Capital Group (ICG) has appointed Ryan Levitt as a Managing Director responsible for building out ICG’s presence in private equity funds investments in North America.

ICG’s Private Equity Funds Investments team currently manages the $1bn (£811m) ICG Enterprise Trust, which has just been promoted to London’s FTSE 250 index.

Ryan has joined ICG in New York from Drum Capital Management, where he worked as a Managing Director responsible for sourcing, underwriting and portfolio management of primary, secondary, co-investment and control equity transactions. Prior to this, he worked for 11 years at Pomona Capital as a Partner.

At ICG, Ryan will work with Oliver Gardey, Head of Private Equity Fund Investments and Colm Walsh (Managing Director and ICG Enterprise Trust portfolio manager) to leverage ICG’s success in the alternative assets market to build out its platform in the US.

Oliver Gardey, Head of Private Equity Fund Investments, said: “The private equity secondaries and co-investment market is enjoying strong growth and we see significant opportunities to extend our exposure to this market. Appointing Ryan was a logical step given he and I successfully worked for many years together at Pomona Capital. I am delighted to have joined forces with him again as we seek to build out our team and develop ICG’s Private Equity Funds Investments business in North America.”

Ryan Levitt said: “ICG has an excellent reputation as an investor in the alternative assets market. I am delighted to be working with Oliver again as we seek to leverage the Company’s platform to build out its US exposure to primaries, co-investments and secondaries.”

About ICG

ICG is a global alternative asset manager with over 30 years’ history.

We manage €38.6bn* of assets in private debt, credit and equity, principally in closed-end funds. We provide capital to help companies grow through private and public markets, developing long-term relationships with our business partners to deliver value for shareholders, clients and employees.

We operate across four asset classes – corporate, capital market, real asset and secondary investments. In addition to growing existing strategies, we are committed to innovation and pioneering new strategies across these asset classes where the market opportunity exists.

ICG is listed on the London Stock Exchange (ticker symbol: ICP). Further details are available at: www.icgam.com . You can follow ICG on LinkedIn.

*as at 30 June 2019