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Intertrust's funds services business has assisted iCON Infrastructure LLP (“iCON”) with the first and final closing of its new US$1.9 billion fund, iCON Infrastructure Partners V (“iCON V”).
iCON is an independent investment group focusing on privately held investments in infrastructure assets in Europe and North America. iCON-advised funds currently have in excess of €2.5 billion under management.
iCON V’s single close came just three months after commencing fundraising and surpassed its US$1.8 billion target, and closed at US$1.9 billion.
The Intertrust team was led by Guernsey-based funds director Kees Jager, who said:
“We’re delighted to have been appointed as the preferred administration service provider for the iCON V structure, building on the strong and well-established relationship we already have with iCON. Our continued involvement with the iCON structures highlights our expertise in the infrastructure sector as well as our capability to provide a high-quality service that enables iCON to continue to implement its highly successful investment strategy.”
iCON V was launched as a Guernsey domiciled, closed-ended registered scheme, with a corresponding management company, authorised as a POI Licensee by the Guernsey Financial Services Commission.
Rishi Pabari, Head of Investor Relations at iCON, said:
“We appointed the Intertrust team to provide a full administration service to our funds as they continue to be able to demonstrate a complete understanding of our infrastructure investment strategy. They provide a highly dedicated team who serve our funds and investors with excellence.”
Pictured: Kees Jager.
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