Intermediate Capital Group (ICG) is seeking to launch a €2 billion mezzanine fund to refinance buy-outs, Financial Times reports. The firm may secure about €1.5 billion of capital from outside investors, while the remaining will be taken from its balance sheet.ICG, which offers debt funding for private equity takeovers, expects a €50 billion shortage of debt in Europe. London-listed ICG has about €11.8 billion in assets under management.
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