ICV Partners

About The Fund

ICV Partners is a New York-based private equity firm focused on investing in middle-market companies across various sectors, including manufacturing, consumer goods, services, business services, food and beverage, commercial services, and healthcare. They were established in 1998 and have been dedicated to supporting management teams of leading companies at the lower end of the middle market. With an investment range of $4 million to $45 million, ICV targets companies with stable industries, leading or defensible market positions, industry-leading margins, and proven management teams willing to invest alongside them. As lower middle market specialists, ICV brings a structured approach and a suite of value creation tools to help businesses grow and increase revenues, thereby building long-term value. ICV's investment criteria emphasize significant cash equity investment, typically 45% to 55% of the transaction value, balanced with senior debt only, aiming to manage risk effectively. Their governance model includes giving management teams a meaningful equity position and performance-based incentives aligned with value creation. ICV's portfolio showcases a range of investments across multiple funds, reflecting their capacity to partner with diverse companies. The firm's approach is flexible, working with current owners and management team to create investment structures that benefit all stakeholders. ICV prides itself on a tenured team of 12 investment professionals and an experienced multi-cultural management team that appreciates the desires of middle market companies for relevance and opportunity. This investor is also unique in the private equity community for their diverse team and commitment to corporate citizenship, investing not only in the growth of their portfolio companies but also in the broader social impact of their investments.