RECENT FUNDING
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  3. Intermediate Capital Group
I

Intermediate Capital Group portfolio

Intermediate Capital Group has 2 portfolio companies on record at Recent Funding. It is a private equity firm based in London, GB, founded in 1989. Its most recent investment on record is Draig Therapeutics's $140M Seed round in June 2025, which it led, alongside SV Health Investors. By category, its portfolio leans toward Health and bio (2).

Website: icgam.com.
Type: Private equity.
Portfolio on Recent Funding: 2.
Deals, last 12 months: 0.
Rounds led: 1 of 1.
Capital in their rounds: $140M.
Latest deal: Draig Therapeutics · Jun 18, 2025.

About Intermediate Capital Group

Firm type: Private equity.
Headquarters: London, GB.
Founded: 1989.
Stages: Growth, Late Stage.
Sectors: Biotech, Sector Agnostic.
Check size: $5M to $50M.

Fund returns

FundVintageSizeNet IRRTVPIDPIAs of
ICG Europe Fund IX SCSp2025——1.35x—Sep 30, 2025
ICG Centre Street Partnership, L.P. - Series N2024—8.8%1.06x0.15xSep 30, 2025
ICG Centre Street Partnership, L.P. - Series S2024—6.2%1.05x0.26xSep 30, 2025
ICG Global Co-Investment2024——1.00x—Dec 31, 2024
ICG Global Loan Fund2024——1.10x—Dec 31, 2024
ICG Global Total Credit Fund2024——1.10x—Dec 31, 2024
ICG Strategic Equity Co-Investment Fund V-A2024——1.66x1.66xJun 30, 2025
ICG Strategic Equity Fund V (USD)2024——1.48x0.00xJun 30, 2025
ICG Strategic Equity Fund V (USD) V-A2024——1.49x—Jun 30, 2025
ICG Europe Mid-Market Fund II SCSp2023——1.17x—Sep 30, 2025
ICG North American Credit Partners III, L.P.2023——1.00x0.10xDec 31, 2024
ICG Strategic Equity Fund V2023——1.49x0.00xJun 30, 2025
ICG Europe Fund VIII SCSp2022—8.0%1.10x0.10xDec 31, 2024
ICG Europe Fund VIII Feeder SCSp2021—22.9%1.41x0.15xSep 30, 2025
ICG Exelsior SCSp2021——1.20x0.08xMar 31, 2025
ICG Strategic Equity Co-Investment Fund IV2021—5.4%1.18x—Jun 30, 2025
ICG Strategic Equity Fund IV2021—14.5%1.35x0.28xJun 30, 2025
ICG Europe Mid-Market Fund2020—18.7%1.50x0.72xMar 31, 2025
ICG North American Private Debt Fund II2019—10.0%1.20x0.83xMar 31, 2025
ICG Europe Fund VII2018—14.3%1.60x0.73xMar 31, 2025
ICG Europe Fund VII Feeder SCSp2018—14.6%1.64x1.24xSep 30, 2025
ICG Strategic Equity Fund III LP2018—24.5%2.12x1.11xJun 30, 2025
ICG Europe Fund VI, L.P.2015—19.5%1.82x1.75xSep 30, 2025
ICG Europe Fund V, L.P.2011—7.9%1.29x1.24xSep 30, 2025
ICG CENTRE ST PARTNERSHIP———1.14x—Jun 30, 2024
ICG STRATEGIC EQUITY COINV III———2.34x—Jun 30, 2024
ICG STRATEGIC EQUITY COINV IV———1.11x—Jun 30, 2024
ICG STRATEGIC EQUITY COINV V———1.00x—Jun 30, 2024

Net returns as reported by the public-pension and foundation LPs invested in each fund.

Firm profile and fund returns: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

What Intermediate Capital Group invests in

How Intermediate Capital Group invests

StageDealsCapital in rounds
Seed 1 100%$140M

Share is of the 1 round on Recent Funding that name Intermediate Capital Group. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Intermediate Capital Group portfolio companies

CompanyRound with Intermediate Capital GroupTotal raisedLatest raise
DDraig Therapeutics
Health and bio
Seed · $140M · lead$205MJul 14, 2026
Series B+
GGrey Wolf Therapeutics
Health and bio
backer$99MMay 23, 2024
Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Health and bio).

Portfolio companies are the companies on Recent Funding with a round that lists Intermediate Capital Group, which is a subset of its real portfolio. API: /api/v1/investors/intermediate-capital-group (get a free API key). More: the most active VC firms and new venture capital funds.

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