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ICP Group
Multifamily office listing in Dallas, Texas, United States.
- SEC-registered
- Headquarters
- Dallas, TX
- Regulatory AUM
- $216 million
- Employees
- 6
- SEC CRD
- 219518
ICP Group is an independent investment manager serving families and family offices through lower-middle-market private equity and value-add, opportunistic real estate investments.1
Overview
ICP Group serves globally oriented clients with diversified lower-middle-market investments, high returns, and a strong client experience. The firm says it has partnered with top-tier managers for more than 15 years.1
History
ICP Group has partnered with top-tier managers for more than 15 years, supporting its experience across private equity and real estate investing.1
Leadership
Christian Fuentes has served as Managing Partner since 2005. He leads ICP Group’s U.S. real estate portfolio and lower-middle-market private equity investments.2
Tomás Díaz Mathé is a Partner who leads private equity investing and joined ICP Group in 2019.2
Daryl Chambers is Controller and Chief Compliance Officer. He oversees financial operations, administration, fund administration, SEC compliance, tax, and investor relations.2
Services
### Private equity
ICP Group’s private equity strategy focuses on lower-middle-market U.S. companies, typically in control situations alongside specialized financial sponsors. The firm typically targets mature, founder-owned or family-owned businesses with EBITDA between $5 million and $50 million.3
### Real estate
ICP Group’s real estate strategy targets development, redevelopment, and repositioning opportunities involving institutional-quality assets and downside protection. Real estate investments generally range from $1 million to $10 million of equity and emphasize markets with strong demographics, job growth, household income, and long-term growth potential.4
The firm invests across multifamily, industrial, commercial, retail, hospitality, land, office, and other real estate categories.2
What the firm offers
- Private and alternative investments
Client focus
ICP Group serves families and family offices seeking diversified exposure to lower-middle-market private equity and value-add, opportunistic real estate investments.1
Approach
The firm’s approach combines globally oriented investing, diversified lower-middle-market opportunities, a focus on high returns, and a strong client experience. Its private equity strategy centers on mature founder-owned and family-owned businesses, while its real estate strategy emphasizes institutional-quality assets, downside protection, and markets with durable demographic and economic characteristics.134
Multifamily portfolio
ICP Group’s multifamily portfolio includes GVA Landmark, Hillstone on Oberlin, River Tower, Alta Strand, One South Halsted, and Wolf Ranch.5
The firm reports multifamily experience ranging from the 156-unit Virginia Manor Apartments to the 622-unit District at the Quarter.5
Assets and minimums
ICP Group reports that its real estate investments generally range from $1 million to $10 million of equity.4
By the numbers
| Year | Regulatory AUM | Discretionary | Non-discretionary |
|---|---|---|---|
| 2020 | $129 million | $129 million | $0 |
| 2021 | $238 million | $188 million | $50 million |
| 2022 | $249 million | $199 million | $50 million |
| 2023 | $263 million | $213 million | $50 million |
| 2025 | $232 million | $182 million | $50 million |
| 2026 | $216 million | $166 million | $50 million |
| Year | Average AUM per client |
|---|---|
| 2020 | $65 million |
| 2021 | $30 million |
| 2022 | $31 million |
| 2023 | $33 million |
| 2025 | $29 million |
| 2026 | $27 million |
| Client type | Clients (2026) |
|---|---|
| Pooled investment vehicles | 7 |
| Other | 1 |
| Year | Employees |
|---|---|
| 2016 | 12 |
| 2020 | 11 |
| 2021 | 9 |
| 2022 | 7 |
| 2023 | 6 |
| 2025 | 5 |
| 2026 | 6 |
Ranks #16 of 17 SEC-registered firms in TX on MultifamilyOffices.com by regulatory AUM.
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 219518. Ranking uses only firms profiled on MultifamilyOffices.com. As of .
Registration
ICP Group Investment Manager, LLC is SEC-registered under CRD 219518 and SEC file number 801-119290. Registration was approved on August 17, 2020.6
FAQs
Who does ICP Group serve?
ICP Group serves families and family offices through lower-middle-market private equity and value-add, opportunistic real estate investments.1
What types of private equity companies does ICP Group target?
The firm typically targets mature, founder-owned or family-owned U.S. businesses with EBITDA between $5 million and $50 million, generally in control situations alongside specialized financial sponsors.3
What real estate sectors does ICP Group invest in?
ICP Group invests across multifamily, industrial, commercial, retail, hospitality, land, office, and other real estate categories.2
Related resources
- LocationMultifamily offices in Dallas
This Dallas directory helps a family or business owner compare local multifamily office options, service models, and areas of focus. Reviewing nearby firms can clarify how an independent manager serving families and family offices might fit alongside private equity and value-add or opportunistic real estate allocations.
- Network siteCorporateVentureCapital.com
CorporateVentureCapital.com offers a directory of corporate venture capital firms, giving readers a way to distinguish strategic corporate investing from an independent manager's private equity and real estate work. It can broaden research into alternative investments and help clarify which provider type matches a family's goals.
- Network siteFamilyOffices.com
FamilyOffices.com provides resources and a community for single family offices and wealthy families. A prospective client can use it to learn how peers organize investment oversight, then consider where private equity and value-add or opportunistic real estate investments may sit within a broader family portfolio.
- DataMFO fee types from Form ADV
The MFO fee types page explains common fee categories reported through Form ADV. Reading it helps a family or business owner prepare questions about advisory costs, billing structures, and potential conflicts when reviewing managers that offer private and alternative investments.
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Calderwood FinancialProfiles of Autumn Lane Advisors, LLC, Badii Group Private Wealth Management, and Calderwood Financial give readers additional firms to research on this site. Comparing their stated services, client focus, and investment approaches can help a family or business owner frame questions for an independent manager offering private equity and alternative real estate strategies.
Sources
- ICP Group, About Us
- ICP Group, Team
- ICP Group, Private Equity Investment Strategy
- ICP Group, Real Estate Investment Strategy
- ICP Group, Multifamily Real Estate Portfolio
- SEC AdviserInfo, ICP Group Investment Manager, LLC
This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.
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