THE FIRM | History
Partnerships built on trust and long term relationships
ICP Capital was established in the Fall of 2004 as a financial services firm selling
and trading structured credit securities. The firm has become one of the preeminent
boutique investment firms specializing in mortgage backed securities, commercial mortgage
backed securities, structured credit, corporate credit and specialty finance both in the
US and Europe.
August 2004
Founders establish ICP Capital as an Affiliate of The Bank of New York, originally named Institutional Credit Partners LLC, in Manhattan.
December 2005
ICP Capital's securities division ranked 17th in the world for structured credit origination; first year of operation yields $34mm in revenue and expansion is set for 2006.
May 2006
ICP Capital partners and employees purchase majority, controlling stake in company; firm's partnership program initiated for existing members and prospective talented professionals.
June 2006
ICP Capital launches absolute return management division, to oversee the management of the company's assets, funds and structured vehicles. The partners invest $10mm in the first fund and philosophy of co-investing with outside investors is established.
September 2006
The firm reaches $5 billion in assets under management.
October 2006
London office and infrastructure for sales and trading established with former executives from Royal Bank of Scotland.
January 2007
Standard & Poor's names ICP Capital's asset management arm as the largest growing asset manager of 2006.*
February 2007
ICP Capital staffs Advisory division focused on asset valuations, alternative funding solutions and distressed corporate situations. Creditor committee of New Century Financial Corp. hires ICP to value and dispose of $8.8 billion in assets as part of their bankruptcy.
April 2007
Satellite office in Mexico City opens to support debt origination business in South America; accordingly, professionals hired to serve equipment leasing, marine finance and receivables factoring hired.
September 2007
New York headquarters moved to 20k sq.ft. trading facility on 45th and Madison; London offices moved to state-of-the-art building in St. James Park.
March 2008
Sales and trading staff doubles to 30 professionals; expansion of services including CMBS, bank preferred securities and esoterically ABS trading.
October 2008
Asset under management soar to $25 billion as ICP's asset management division is selected to substitute as manager for several funds.
* ICP Asset Management, a United States Registered Investment Manager, gained more assets under management than any other structured vehicle manager in 2006 –S&P.
August 2004
Founders establish ICP Capital as an Affiliate of The Bank of New York, originally named Institutional Credit Partners LLC, in Manhattan.
December 2005
ICP Capital's securities division ranked 17th in the world for structured credit origination; first year of operation yields $34mm in revenue and expansion is set for 2006.
May 2006
ICP Capital partners and employees purchase majority, controlling stake in company; firm's partnership program initiated for existing members and prospective talented professionals.
June 2006
ICP Capital launches absolute return management division, to oversee the management of the company's assets, funds and structured vehicles. The partners invest $10mm in the first fund and philosophy of co-investing with outside investors is established.
September 2006
The firm reaches $5 billion in assets under management.
October 2006
London office and infrastructure for sales and trading established with former executives from Royal Bank of Scotland.
January 2007
Standard & Poor's names ICP Capital's asset management arm as the largest growing asset manager of 2006.*
February 2007
ICP Capital staffs Advisory division focused on asset valuations, alternative funding solutions and distressed corporate situations. Creditor committee of New Century Financial Corp. hires ICP to value and dispose of $8.8 billion in assets as part of their bankruptcy.
April 2007
Satellite office in Mexico City opens to support debt origination business in South America; accordingly, professionals hired to serve equipment leasing, marine finance and receivables factoring hired.
September 2007
New York headquarters moved to 20k sq.ft. trading facility on 45th and Madison; London offices moved to state-of-the-art building in St. James Park.
March 2008
Sales and trading staff doubles to 30 professionals; expansion of services including CMBS, bank preferred securities and esoterically ABS trading.
October 2008
Asset under management soar to $25 billion as ICP's asset management division is selected to substitute as manager for several funds.
* ICP Asset Management, a United States Registered Investment Manager, gained more assets under management than any other structured vehicle manager in 2006 –S&P.
