ICG appoints Blackstone’s Andrea Serra as European head

Andrea Serra will report to Ricardo Lombardi, the team’s global head.

  • Serra joins ICG from Blackstone where he spent 15 years
  • Serra will be part of the senior leadership group 
  • He will also join ICGSE’s investment committee

ICG announced on Thursday that it has appointed Andrea Serra as head of Europe for ICG Strategic Equity (ICGSE). ICGSE specialises in GP-led secondary transactions and has invested over $10 billion in the strategy since its inception in 2014. ICGSE comprises 25 investment professionals across London and New York.

Serra will be based in ICGSE’s London office and will be part of the senior leadership group. Serra will also join ICGSE’s investment committee.

“Andrea’s appointment is further evidence of our long-standing thesis that having a team with direct private equity skills is essential to adequately evaluate and execute GP-led secondary transactions,” said Benoît Durteste, CIO and CEO of ICG. “We are pleased to welcome Andrea to the team, further strengthening our capabilities.”

“ICGSE’s strong reputation, scale, and exclusive focus on GP-led transactions make it a highly differentiated player in the secondaries market,” said Serra. “I am excited to join a market leading team with a strong track record in a now well-established asset class that is poised for continued significant growth ahead.”

Serra joins ICG from Blackstone where he spent 15 years, most recently as a managing director in the tactical opportunities group in New York. Before that Serra, was in the private equity division in London and New York.

ICG is a private equity investment firm that has assets under management of £58.6 billion ($67.5 billion; €67.9 billion) as of 30 June. It invests across private equity, credit and real assets with offices globally.