Global alternative asset manager Intermediate Capital Group (ICG) has appointed Alan Jones as senior managing director with responsibility for building a private equity business in North America, signalling the Company's growth ambitions in the region.
In his new role, Jones will combine his experience and track record in private equity with ICG's expertise in complex structuring, hiring a new team of specialists to target private equity investments in North American mid-market companies. He will be based at ICG's office in New York, from where a team of 57 people currently invest assets across its existing private debt, strategic equity and credit fund strategies.
With more than three decades of experience, Jones joins ICG after a 25-year career at Morgan Stanley where he served most recently as vice-chairman of Private Credit & Equity. In 2007, he rebuilt Morgan Stanley's private equity investing business and from 2007 to 2018 was head of Private Equity and Chair of the Group's Private Equity Investment Committee. He also served as a member of several investment committees and of the firm's Private Investment Risk Committee.
Jones has, in addition, significant experience on numerous corporate boards including HBF, CoAdvantage and Creative Circle.
Benoit Durteste, Chief Executive Officer of ICG, said: "We have established a substantial business in North America and have a strong ambition to further expand our presence. Building a private equity business focused on mid-market corporates is a key element of this plan. Jones's considerable expertise in building and leading businesses, investing, fundraising, corporate finance, capital markets, governance, and risk management will be a significant asset to ICG."