Intermediate Capital Group (ICG) has hired Alan Jones as a senior managing director with responsibility for building a private equity business in North America.
Mr. Jones has more than three decades of private equity experience and joins ICG after a 25-year career at Morgan Stanley where he served most recently as vice-chairman of private credit and equity. Earlier, from 2007 to 2018, he was the head of private equity and chair of the group’s private equity investment committee.
In his new role with ICG, Mr. Jones will be hiring a team of professionals to target private equity investments in North American mid-market companies. He will be based at ICG’s office in New York where ICG has a team of 57 people currently investing in private debt, strategic equity and credit fund strategies.
“We have established a substantial business in North America and have a strong ambition to further expand our presence,” said Benoit Durteste, chief executive officer of ICG. “Building a private equity business focused on mid-market corporates is a key element of this plan and we are delighted to have attracted A.J. to help us achieve this goal. His considerable expertise in building and leading businesses, investing, fundraising, corporate finance, capital markets, governance, and risk management will be a significant asset to ICG.”
“ICG has established an impressive track record as an investor, which has resulted in strong growth across a diverse range of asset classes,” said Mr. Jones. “I am excited by the opportunity to work with Benoit and the team to build on this platform by establishing a private equity business in North America.”
Intermediate Capital Group (LSE: ICP) is an alternative asset manager with more than $42 billion of assets under management. The firm invests in four asset classes – corporate, capital markets, real asset and secondary investments. ICP is headquartered in London and has 15 offices located around the world (www.icgam.com).
© 2019 Private Equity Professional | September 17, 2019