Current HOLDINGS.


Selected by the Asset Management division with deep analysis and quantitative methods, our portfolio represents a diversified investment strategy, designed to seek a consistent return.

We prioritize major stock exchanges, targeting firms with strong financial health and sustainable growth.

IC Fund II Overview 

21

Companies

12%

Target IRR

~20%

At-entry EBITDA Margin

~9x

At-entry EV/EBITDA

Primary Industries

Industrial Product Manufacturing

Industrial Services

Consumer Product Manufacturing

Distribution

Business Services

Other esoteric industries

Criteria

Adjusted EBITDA margin: >10%

Appropriate leverage profile

Strong liquidity position

Low customer concentration

Consistent historical revenue growth

Traded on a major exchange

IC Fund II Holdings 

Winnebago Industries

Manufactures recreational vehicles used primarily in leisure and outdoor activities

Inception date: 2022-Q1

Deckers Outdoor

Designs and distributes footwear and apparel for casual and athletic activities

Inception date: 2022-Q2

Alamo Group

Manufactures agricultural and infrastructure maintenance equipment 

Inception date: 2022-Q3

Academy Sports and Outdoors

Provides national and private brands for outdoors, sports, and casual activities

Inception date: 2023-Q1

Atkore

Manufactures electrical, safety, and infrastructure products used primarily for nonresidential construction

Inception date: 2023-Q1

Cable One

Provides data, video, and voice services to residential and enterprise users in non-metropolitan markets

Inception date: 2023-Q1

Korn Ferry

Provides organizational consulting services across 52 countries

Inception date: 2023-Q1

Universal Display Corporation

Manufactures OLED materials for commercial display panels and other lighting solutions

Inception date: 2023-Q1

Mueller Industries

Manufactures copper, brass, aluminum, and plastic products used primarily for building construction

Inception date: 2023-Q1

Agilent Technologies

Provides solutions that include instrument, software, and services for the entire laboratory workflow

Inception date: 2023-Q2

SEI Investments Company

Provides technology and investment solutions for investment processing, operations, and asset management

Inception date: 2023-Q2

Clean Harbors

Provides toxic waste management, cleaning, and maintenance services, as well as re-refined oil products

Inception date: 2023-Q2

Brady

Manufactures safety products, precision tools, catering to diverse industrial and commercial needs

Inception date: 2023-Q4

Cal-Maine Foods

Distributes fresh shell eggs, egg products, and nutritional supplements for consumers and food industry partners

Inception date: 2023-Q4

Insteel Industries

Manufactures steel wire reinforcing products for concrete construction  applications

Inception date: 2023-Q4

Owens Corning

Provides building materials, insulation products, and composite materials for industrial applications

Inception date: 2023-Q4

ResMed

Provides devices, softwares, and services for respiratory care

Inception date: 2023-Q4

Paychex

Provides integrated human capital management solutions for payroll, benefits, human resources, and insurance services

Inception date: 2023-Q4

Allison Transmission

Manufactures vehicle propulsion solutions, fully automatic transmissions, and electrified propulsion systems

Inception date: 2024-Q1

Crocs

Manufactures innovative casual footwear for men, women, and children

Inception date: 2024-Q1

Gogo

Provides broadband connectivity services for the business aviation market with customizable suite of smart cabin systems

Inception date: 2024-Q1