DirectorsTalk Interview on ICG Enterprise Trust plc | Annual investor day: Growth and resilience

By Mark Thomas

In this interview, Mark Thomas of Hardman & Co talks through the key messages from ICGT’s 2026 shareholder seminar. It highlighted a robust 2025 portfolio performance with double-digit EBITDA growth, strong realisation activity and proactive management. The presentation also covered the benefit of having ICG as the manager. ICGT gives investors a unique portfolio of private companies, which have delivered superior long-term growth compared with public markets.

Key moments

• 00:04-00:21 — Meet the analyst: Mark Thomas on ICG Enterprise Trust plc
• 00:21-00:49 — The disclaimer explained
• 00:49-02:00 — Strong performance, strong liquidity
• 02:00-03:06 — Private equity returns, lower risk
• 03:06-04:18 — Dividends, buybacks and capital discipline
• 04:18-05:43 — The ICG advantage
• 05:43-07:19 — Active management behind the scenes
• 07:19-08:13 — The key risks to watch
• 08:14-08:21 — Final takeaway

ICG Enterprise Trust plc invests in a diversified portfolio of private companies, giving shareholders access to private equity opportunities through a listed investment trust structure.