Netherlands-based fund administration firm Intertrust has been appointed the administrator for Icon’s latest fund, the Icon V fund, which recently closed at $1.9 billion (€1.7 billion) following three months of fund raising.
The fund was launched as a Guernsey-domiciled, closed-ended registered scheme, authorised by the Guernsey Financial Services Commission.
The Intertrust team was led by Guernsey-based funds director Kees Jager, who said: “We’re delighted to have been appointed as the preferred administration service provider for the Icon V structure, building on the strong and well-established relationship we already have with Icon.”
Icon, based in London, is an investment group focusing on privately held investments in infrastructure assets in Europe and North America and its advised funds currently have in excess of €2.5 billion under management.
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