ECI Partners has made an investment in Independent Governance Group (IGG), marking an initial exit for LDC.

LDC, which backed the launch of IGG following the merger of Ross Trustees and Independent Trustee Services in February 2023, also reinvested alongside ECI to support the continued growth of the business.

Revenues and headcount have increaed by over 300 per cent during the partnership, as IGG now employs more than 200 people, providing professional services to 386 pension schemes with total scheme assets of £324bn.

Commenting on the latest investments, IGG CEO, Andrew Bradshaw, commented: “IGG has rapidly grown into one of the leading providers of trusteeship and governance services in the UK.

“This is due to the hard work of our skilled and diverse team, which ensures pension schemes of all shapes and sizes look to IGG to deliver the knowledge, experience and perspectives essential for strong governance.

"Thank you to LDC who have supported us on our journey so far, enabling us to strengthen our market position and achieve key strategic goals.

“We are all very excited about the next stage of our journey. With ECI on board alongside the continued support of LDC, we are well-positioned to pursue our plans for growth, deliver innovative solutions to meet our clients’ evolving needs and, importantly, create new career opportunities for our talent.”

ECI partner, Michael Butler, commented: “We were attracted by IGG’s fantastic track record of delivering award-winning pension services with excellent client retention, delivered by a highly skilled team.

"We’re looking forward to working with the IGG team on the next stage of the company’s growth, building on its phenomenal achievements so far.

"The company provides a strong organic growth opportunity due to growing demand for trustee and governance services as the pension regulatory environment continues to grow in complexity, and we also anticipate acquisitions to further boost growth.”

LDC partner, Chris Handy, added: “Over the last four years, Andrew and the management team at IGG have delivered transformational growth and created a market leader in the pensions industry.

“We’ve had the privilege of supporting their growth journey and the success they have achieved is testament to the ambition and capability of their entire team. We’re looking forward to continuing our support for the business.”

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