Cayman Islands: Intertrust Assist iCON Infrastructure With The Launch Of Fund IV
Last Updated: 15 September 2017

Intertrust a leading global provider of high-value trust, corporate and fund services, announces that its funds services business, has assisted iCON Infrastructure ("iCON") with the first and final closing of its new EUR1.2 billion fund, iCON Infrastructure Partners IV LP ("iCON IV").

iCON is an independent investment group, focussing on privately held investments in infrastructure assets in Europe and North America. iCON-advised funds currently have in excess of EUR2.5 billion under management, including iCON IV.

iCON IV's single close came just three months after commencing fundraising and was significantly oversubscribed, having received considerable demand above the initial EUR1 billion target, and closed at its hard cap of EUR1.2 billion.

The Intertrust team was led by Guernsey-based funds director Kees Jager, who commented: "Intertrust is delighted to have been appointed as the preferred administration service provider for the iCON IV 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 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.

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."

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