Icv Partners, LLC

ICV Partners, LLC, established in 1998, is a minority-owned investment manager specializing in private equity investments in the U.S. and Canada. With $802,492,565 in assets under management as of December 31, 2024, ICV focuses on companies with revenues between $25 million and $300 million. The firm's investment strategy involves control or lead investments in smaller middle market companies, aiming for long-term capital appreciation. ICV charges management fees up to 2.0% of capital commitments during the investment period and 1.5% thereafter, with a 20% carried interest on profits. Investors must meet a $5 million minimum threshold. ICV exercises full investment discretion, managing assets on a discretionary basis. The firm's investment philosophy includes a strict investment process involving sourcing, evaluation, due diligence, and portfolio management. ICV's Code of Ethics ensures fair conduct, and employees must obtain pre-clearance for personal investments. The firm also discloses potential risks, such as total loss of capital, investments in less established companies, and risks associated with non-U.S. investments. ICV's custody of assets is audited annually, and the firm has discretion over voting client securities. The firm has no disciplinary events in the past 10 years and maintains financial stability.