ICG Enterprise Trust plc (LON:ICGT) is the topic of conversation when Mark Thomas talks to DirectorsTalk. Mark explains why he called his report Defensive growth: explaining downside resilience, why PE is more resilient, evidencing his assertions, how ICGT has incrementally reduced risk and the evidence that this has worked.
ICG Enterprise Trust Defensive growth (Analyst Interview)
- Written by: Giles
Latest Company News
ICG Enterprise Trust delivered a 3.3% NAV per Share Total Return in the six months to 31 July 2026, with Sterling portfolio returns of 3.6%, 11% LTM revenue growth and 16% EBITDA growth.
Hardman & Co analyst Mark Thomas discusses ICG Enterprise Trust’s FY26 results, highlighting its defensive growth strategy, resilient portfolio performance and outlook for future exits.
Mark Thomas, Analyst at Hardman & Co, discusses ICG Enterprise Trust PLC’s FY26 results and why he believes the trust’s defensive growth strategy could support future realisations.
ICG Enterprise Trust’s end-January 2026 results reflected the benefits of its defensive growth strategy, with strong operating company performance, conservative NAV valuations and a 32% discount that appears anomalous against its long-term record and outlook.
ICG Enterprise Trust posted a 4.8% local-currency portfolio return for the year to 31 January 2026, with strong realisations, high liquidity and continued shareholder returns.
Hardman & Co analyst Mark Thomas outlines ICG Enterprise Trust’s strong 2025 performance, disciplined capital allocation, and long-term strategy focused on delivering private equity returns with reduced risk and enhanced liquidity.
