- Firm beefs up New York office
- ICG’s U.S. credit platform now employs 27
- Firm takes aim at non-investment grade credit
Goodman will strengthen ICG’s US investment team that includes Salvatore Gentile, head of ICG’s U.S. operations, as well as Brian Spenner and Seth Katzenstein, ICG said in a prepared statement. The firm’s U.S. credit platform now counts 27 employees and manages $2.7 billion of assets in private and syndicated credit strategies.
Gentile cited Goodman’s “depth of investing experience and excellent relationships with private equity firms, advisors, and investors across a range of US private debt markets,” according to a prepared statement.
Goodman is working on non-investment grade credit for middle-market, sponsored, and un-sponsored companies for London-based Intermediate Capital Group.
Goodman previously worked as director, head of mezzanine investments, at MetLife Investments for five years, according to his LinkedIn profile. He managed a roughly $1 billion portfolio of direct private debt/mezzanine and credit fund investments for MetLife. From 2003 to 2009, he was a principal at Allied Capital Corp.
ICG provides mezzanine debt, second-lien loans, unitranche debt and minority equity with targeted hold sizes of $15 million to $100 million.
Intermediate Capital Group’s ICG North American Private Debt Fund has a target of $750 million and is still fundraising, according to Bison. ICG will also invest from collateralized loan obligations (CLOs) for senior loans.