Intermediate Capital Group (ICG), the global alternative asset manager, has achieved a final close of EUR1.5 billion (US$1.65 billion) for its debut Infrastructure fund, ICG Infrastructure Equity 1. 

The fund has surpassed its target size of EUR1 billion (US$1.10 billion). It intends to invest in sustainable infrastructures, such as renewables, energy efficiency, fiber optic networks, electric mobility, and social infrastructure. The fund focuses on Western Europe and is pursuing a green generalist strategy aligned with UN Sustainable Development Goals.

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