Overregulation could curtail growth and innovation in the asset management industry, delegates at a Luxembourg conference said.
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Christophe Evain will be replaced in his capacity as ICG’s CEO and CIO by Benoit Durteste in July.
The investment firm has delayed a final close first slated for last summer to bring more limited partners on board.
The investment firm’s performance fees were boosted by its 2007-vintage secondaries fund, from which it had sold a tail-end portfolio worth around €800m last year.
The deal involved selling an interest in CBRE Dutch Office Fund, which follows a core strategy, to three European buyers.
The private markets investor says post-2009 fund stakes are changing hands at a premium, leading it to focus on less competitive opportunities.
The advisory firm has converted to a partnership and promoted four of its 11-strong team.
The deal is the second for Stafford’s latest infrastructure secondaries vehicle, which recently held a third close.
The investment firm has already raised at least $700m for the vehicle.
The European directs and fund of funds specialist wants to offload minority stakes in at least 20 companies spanning sectors including industrial and manufacturing, Secondaries Investor has learned.