ICG Enterprise Trust PLC

Private companies in Europe, the UK and the US performed strongly through the first nine months of 2024. (Capital at risk*.) That’s according to data tracked by the proprietary Private Company Database of our manager, ICG. Read exclusive excerpt: https://lnkd.in/eNcmgaSe 💡 Did you know that 93% of ICG Enterprise Trust’s investments are companies in the UK, Europe and North America? Data as of 31 October 2024. #PrivateEquity #ListedPE #PrivateCompanies #PrivateMarkets #Investing *Investments involve risks, including the risk of capital loss. Past performance is not a reliable indicator of future results.

Portfolio Managers Oliver and Colm offer February's news and views in their latest monthly newsletter - read more below. #PrivateEquity #InvestmentTrusts #ListedPE #LinkedInNewsletter

ICG Enterprise Trust is pleased to share its Q3 results for the three months ended 31 October 2024, reporting a 3.0% NAV per Share Total Return over the period and 13.8% annualised compounding return over the last five years. Capital at Risk* Alongside our actively managed, through-cycle investment programme, we have a shareholder-focused approach to capital allocation: ·      Dividend per share increases at an annualised rate of 9% over last 5 years ·      £50m of buybacks since October 2022, adding 2.3% to NAV per Share and reducing share count by a market-leading 6%** 🔗Read our Q3 update in full here: https://lnkd.in/dxWWKmdR *Investing in private markets involves substantial risks, including the risk of capital loss. Past performance is not a reliable indicator of future results. **Source: Deutsche Numis research ‘Opportunities abound in listed PE’, data from Dec 2022 to Dec 2024 (excludes tender offers) #PrivateEquity #PrivateMarkets #InvestmentTrusts #ListedPE #Investing

💭“Why private equity trusts could be set for a bounceback in 2025” Capital at Risk* Take a look at this article from City AM, which discusses why, this year, private equity investment trusts could benefit from the upward combination of two key boons: a continuation of strong underlying asset return track records, and the potential for narrowing of discounts. The article includes quotes from analysts at Deutsche Numis, who, in separate research, have picked ICG Enterprise Trust as one of their recommended trusts for 2025. 🔗 https://lnkd.in/dE5SV5YU *Past performance is not a reliable indicator of future results. Investing in private markets involves substantial risks, including the risk of capital loss. #InvestmentTrusts #ListedPE #PrivateMarkets

In our first newsletter of the new year, Portfolio Managers Oliver Gardey and Colm Walsh are starting 2025 with a sense of optimism, echoed by discussions with private equity managers in recent months. Read more here. #PrivateEquity #InvestmentTrusts #ListedPE #LinkedInNewsletter

Listed PE achieved the 2nd highest return YTD* of all investment trust sectors, and the highest over the last five and 10 years, according to The Association of Investment Companies (AIC) investment trust sector performance data. Capital at risk**. The sector’s 41% share price total return dwarfed the 13% average delivered by investment trusts as a whole in the 11 months to November 2024. ICG Enterprise Trust, which has been listed on the London Stock Exchange for over 40 years, seeks to deliver long-term compounding returns by investing in private equity-backed companies with defensive growth characteristics. See more here: www.icg-enterprise.co.uk *Period to the end of November 2024. **Capital at risk. Past performance is not a reliable indicator of future results. #PrivateMarkets #ListedPE #PrivateEquity #InvestmentTrusts #AIC

In the December edition of our LinkedIn newsletter, our Portfolio Managers reflect on how 2024 played out in terms of interest rates, economic growth and geopolitics - while discussing the consequences for private equity and ICG Enterprise Trust. #PrivateEquity #InvestmentTrusts #ListedPE #Newsletter

As an actively managed portfolio of private companies across North America and Europe, 44% of ICG Enterprise Trust’s investments were in North America at 31 July 2024 (Capital at risk*). How might the incoming US administration impact the investment environment? Here are three things to consider: 1️⃣Tariff targets: President-elect Trump intends to raise tariffs on imported goods, with China likely facing the brunt of the increases 2️⃣ Cuts: he plans to cut US taxes and regulations, though it is not yet clear how deep the cuts will be and how the tax cuts will be paid for 3️⃣ ‘America First’: on the geopolitical front, his early administration appointments indicate he will likely pursue an isolationist-leaning, transactional foreign policy, similar to his first term. How could the 47th US President’s protectionist agenda impact the European and UK economies and what about the investment outlook? In his latest report, Intermediate Capital Group (ICG)’s chief economist Nicholas Brooks writes that: ‘The services sector makes up over 80% of Europe and UK GDP. While services companies servicing domestic goods exporters exposed to the US may be affected, most services sector companies should see little direct impact from higher US goods tariffs.’ ‘To put things in perspective, Europe’s goods exports to the US in 2023 were equivalent [only] to around 3.2% of GDP.’ ‘Investors should prepare for higher for longer US rates, higher public market volatility, and focus on companies’ supply chain resilience and potential direct and indirect exposures to US tariffs.’ 🔗 Read: https://lnkd.in/egBhbU_K #PrivateEquity #PrivateMarkets #ListedPE #Alternatives * Investments involve risks, including the risk of capital loss. Past performance is not a reliable indicator of future results.

As we continue to spotlight certain ICG Enterprise Trust (ICGT) investments, next up is European Camping Group (ECG), the seventh-largest holding in our portfolio at 31 July 2024. Capital at Risk*. ECG is a leading operator of premium campsites in Europe, with over 44K units in over 400 destinations operating through a portfolio of premium brands (at November 2024) 🏕️. ECG is positioned to benefit from the European outdoor accommodation market through leveraging organic growth drivers and M&A opportunities. Additionally, ICGT, PAI Partners and ICG plc have a strong track record of successful investments in the space. We have been invested in ECG since 2022 and look forward to enjoying its continued success. 🔗Read more about our investment in European Camping Group: https://lnkd.in/eBqmH9rb *Investments involve risks, including the risk of capital loss. Past performance is not a reliable indicator of future results. #PrivateEquity #InvestmentTrusts #ListedPE 

The power of our platform, the benefits of an investment trust structure and our strategy of backing expert managers with through-cycle experience are covered in this 🆕podcast. *Capital at Risk. 🔊 Hear our Portfolio Manager Colm Walsh in conversation with host Ross Butler talking all things investment trusts – find the episode wherever you get your podcasts 🔗 https://lnkd.in/eCiK6mFC #InvestmentTrusts #ListedPE #Podcast #DefensiveGrowth *Investments involve risk, including the risk of capital loss. Past performance is not a reliable indicator of future results.