Overview
ICV Partners, LLC (“ICV,” “the Firm,” or “we/us”), a Delaware limited liability company,
serves as an investment manager to related private funds and certain co-investment vehicles (the
“ICV Funds”) organized primarily to make private equity and related investments in established
businesses in the United States and Canada. ICV was founded in 1998 with the goal of creating
a world-class, ethnic minority-owned private investment company. The principal owner of ICV
is ICV Professionals, LP, a Delaware limited partnership (“ICV Professionals”) which is
majority-owned and controlled by Willie E. Woods.
ICV seeks to generate long-term capital appreciation for the ICV Funds by typically making
$40 million to $80 million investments in companies with annual revenues ranging between
$25 million and $300 million and annual earnings before interest, taxes, depreciation, and
amortization (“EBITDA”) more than $8 million.
As of December 31, 2023, we had
$1,159,965,952 in regulatory assets under management,
including unfunded capital commitments. All assets are managed on a discretionary basis.
ICV provides management services, including the evaluation, structuring, and negotiation of
potential investments, management consulting of the ICV Funds’ portfolio companies (each a
“Portfolio Company”) following an acquisition, and analyses and management of the timing
of investment realizations. ICV has discretion to invest in a range of investment instruments
consistent with the respective investment programs of each ICV Fund. The terms by which ICV
provides investment advice to the ICV Funds are described in each of ICV Fund’s governing
documents, which may include a confidential offering memorandum, an investment
management agreement, and a limited partnership agreement, among other things. Investment
advice is provided directly to each ICV Fund and not individually to the limited partners or
investors in the ICV Funds.