ICG Enterprise secures 20% management fee reduction

Tue, 02nd Jun 2026 11:27

(Alliance News) - ICG Enterprise Trust PLC on Tuesday said it had secured a 20% cut in management fees over two years.

The investor in private companies, primarily in Europe and the US, has agreed the fee reduction with its manager, ICG Alternative Investment Ltd, a subsidiary of ICG PLC.

The 20% reduction will be executed in two stages, ICG Enterprise said. From February 1, 2027, the management fee cap will be reduced to 1.125% of net asset value from its current cap of 1.25%, and from the same date in 2028, the cap will fall to 1.0% of NAV.

ICG Enterprise has paid around GBP16.1 million in management fees in financial 2026, and estimates that fees would have been GBP3.2 million or roughly 20% lower had the 1.0% cap been in place. They would have been about 10% lower based on the 1.125% cap.

Management fees will continue to be paid quarterly, and other arrangements with the manager remain unchanged.

Jane Tufnell, chair of ICG Enterprise, said the move "reflects the board's and manager's continued focus on delivering value for shareholders".

ICG Enterprise shares rose 0.4% to 1,400.00 pence on Tuesday morning in London.

By Holly Munks, Alliance News reporter

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