In QuotedData’s morning briefing 2 September 2022:
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ICG Enterprise Trust (ICGT) has announced that it has made a US$20m commitment to Green Equity Investors IX, managed by Leonard Green & Partners (LGP). This is the first commitment by ICGT to a fund managed by LGP. Founded in 1989, LGP is a private equity investment manager that is headquartered in Los Angeles and predominantly focused on the US market. LGP has over US$75bn of assets under management and seeks to invest in market leading companies, with defensive market positions, multiple drivers of growth and strong management teams. Green Equity Investors IX will primarily focus on investing in companies that provide services in Consumer, Healthcare and Business Services where it has strong expertise.
- Updating on our recent Gulf Investment note, the fund has just announced a first interim dividend for the year ended 30 June 2022 of 3.51 cents per share. This is the latest dividend under the enhanced dividend policy targeting an annual dividend equivalent to 4% of NAV paid in semi-annual instalments.
We also have coverage of Trian Investors 1 redemption proposals.