Intermediate Capital Group plc is a specialist asset manager of mezzanine finance, private debt, leveraged credit and minority equity. The Company manages assets in third party funds and proprietary capital, providing finance to private corporates and real estate. It operates in two segments: the Fund Management Company (FMC) and the Investment Company (IC). The FMC is the operating business of the Company that sources and manages investments on behalf of third party funds and the IC. The IC co-invests alongside third party funds at predetermined ratios, invests in funds and provides seed capital to launch and develop new funds. Its subsidiaries include Intermediate Capital Investments Limited, Intermediate Investments LLP, Intermediate Investments Jersey Limited, ICG FMC Limited and Longbow Real Estate Capital LLP.