NEW YORK, June 27, 2018
ICV Partners (ICV), a leading investment firm focused on lower middle market companies, is pleased to announce that it has successfully completed the final closing for ICV Partners IV, L.P. (Fund IV) with $585 million of committed capital. ICV currently manages $1.3 billion of AUM.
ICV’s Fund IV meaningfully exceeded the firm’s target and represents an approximately 50% increase in capital commitments compared to Fund III. Investors include a diverse group of leading endowments, foundations, state pension plans, family offices, gatekeepers, insurance companies and fund of funds.
Willie Woods, President of ICV Partners, said, “We are grateful for the immense support we’ve had from existing Limited Partners, many of whom have increased their commitment in Fund IV. We are excited by the enthusiasm for our 20-year, value-oriented approach to the lower middle market and we look forward to building on our success in Fund IV.”
Fund IV will continue the investment strategy ICV has successfully implemented since forming ICV two decades ago, pursuing differentiated sourcing channels and partnering with leading, lower-middle market companies to identify and unlock value potential.
Acalyx Advisors served as exclusive placement agent.
Willkie Farr & Gallagher LLP served as legal counsel.
About ICV Partners
Founded in 1998, ICV Partners is a leading private investment firm that supports management leaders of strong middle market companies. Over its first three funds, the principals of ICV have crafted a strong track record of helping companies expand their footprint and improve performance over the long term and across a variety of industries. Additional information is available at www.icvpartners.com.