Intertrust's fund services business has assisted iCON Infrastructure with the first and final closing of its new €1.2bn fund, iCON Infrastructure Partners IV.
iCON, an independent investment group, focuses on privately held investments in infrastructure assets in Europe and North America. It currently has funds in excess of €2.5bn under management, including iCON IV.
iCON IV’s single close came three months after commencing fundraising and was oversubscribed, having received considerable demand above the initial €1bn target, and closed at its hard cap of €1.2bn.
The Intertrust team was led by Guernsey-based Funds Director Kees Jager.
iCON IV 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.