Exit : ICG MEZZ 2003
ICG is the European leading mezzanine finance provider. The proposed investment was to acquire notes issued by ICG’s 2003 Mezzanine Fund. This Fund was fully invested and the reinvestment period had expired, therefore it was in the process of distributing the realizations on its investments.
The Altercap funds were fully repaid at par of their investment into the subordinated debt issued by ICG 2003.