LONDON & NEW YORK--(BUSINESS WIRE)--Intermediate Capital Group (ICG), the $42.6bn (€38.6bn) global alternative asset manager, has appointed Alan Jones (A.J.) as a Senior Managing Director with responsibility for building a private equity business in North America, signaling the Company’s growth ambitions in the region.
A.J., a highly regarded private equity leader with more than three decades of experience, joins ICG after a 25-year career at Morgan Stanley where he served most recently as Vice-Chairman of Private Credit & Equity. In 2007, he rebuilt Morgan Stanley’s private equity investing business and from 2007 to 2018 was Head of Private Equity and Chair of the Group’s Private Equity Investment Committee. He also served as a member of several investment committees and of the firm’s Private Investment Risk Committee. A.J. has, in addition, significant experience on numerous corporate boards including HBF, CoAdvantage and Creative Circle.
In his new role, A.J. will combine his experience and track record in private equity with ICG’s expertise in complex structuring, hiring a new team of specialists to target private equity investments in North American mid-market companies. He will be based at ICG’s office in New York, from where a team of 57 people currently invest assets across its existing private debt, strategic equity and credit fund strategies.
Benoit Durteste, Chief Executive Officer of ICG, said: “We have established a substantial business in North America and have a strong ambition to further expand our presence. Building a private equity business focused on mid-market corporates is a key element of this plan and we are delighted to have attracted A.J. to help us achieve this goal. His considerable expertise in building and leading businesses, investing, fundraising, corporate finance, capital markets, governance, and risk management will be a significant asset to ICG.”
A.J. said: “ICG has established an impressive track record as an investor, which has resulted in strong growth across a diverse range of asset classes. I am excited by the opportunity to work with Benoit and the team to build on this platform by establishing a private equity business in North America.”
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.
*as at 30 June 2019