Research on ICG Enterprise Trust PLC GBP (ICGT:LON) from Hardman & Co
Key messages from ICGT’s 2026 shareholder seminar were i) robust 2025 portfolio performance with double-digit EBITDA growth and strong realisation activity, ii) proactive management, inter alia, of the origination network, co-investments, secondary sales, buybacks and dividends, iii) a strong balance sheet with low debt and significant available liquidity, and iv) well positioned for future growth with good diversification. The presentation also covered the benefit of having ICG as the manager. ICGT gives investors a unique portfolio of private companies, which have delivered superior long-term growth compared with public markets.