ICG boosts US debt team

The firm has appointed Brian Marshall from GoldenTree Asset Management to support the firm’s development of new financial products in the US.

ICG has bolstered its US team with the appointment of Brian Marshall as a managing director.

Marshall will help develop new investment products at the asset manager, boost capital formation and engage with existing clients of the firm. He will be based in the firm’s New York office.

He joins after three years at GoldenTree Asset Management, a New York-headquartered investment firm established in 2000 by Steven Tananbaum, where he was responsible for capital raising.

Before joining GoldenTree, Marshall held roles at Barclays Capital and the now defunct Lehman Brothers.

The London listed asset manager is preparing to launch a junior debt fund in 2017 and is understood to be setting a target close to the amount raised on its previous vehicle, ICG North American Private Debt Fund, which closed on $790 million earlier this year.

ICG’s real estate debt platform was a success story after it closed on its €1 billion hard-cap recently, surpassing its €750 million target. The platform raised almost €150 million after the Brexit vote. The firm has €22 billion of assets under management.