ICG Advisors, LLC

ICG Advisors provides investment consulting and manager‑selection services to high‑net‑worth individuals, family offices, trusts, pensions and institutional clients through separately managed accounts and as investment adviser to private pooled vehicles. The firm operates both separately managed account programs and a suite of private funds — including illiquid credit and real estate funds — with investor minimums and eligibility requirements that reflect a primarily high‑net‑worth and institutional client base.

ICG’s investment process emphasizes quantitative and qualitative due diligence on third‑party portfolio managers and often implements client allocations via fund‑of‑fund structures or direct allocations to those managers. A majority of the firm’s reported $7.92 billion in assets is managed on a non‑discretionary basis (approximately $5.76 billion non‑discretionary versus $2.16 billion discretionary), and ICG typically executes through client custodians rather than trading individual securities for non‑discretionary accounts.

Noteworthy features disclosed in the brochure include ICG’s role as adviser to multiple private funds that may pay performance‑based compensation and carried interest, and its use of side‑letter arrangements and co‑investment allocations, which the firm identifies as potential sources of conflicts of interest. The firm is majority‑owned by a holding company controlled by the founding family and discloses several firm‑specific practices — such as legacy investment fee provisions and discretionary fee or reporting flexibilities for certain investors — that differ from many peers.