ICO Capital was started in 2009 to meet an internal need at the ICO Companies to earn attractive returns on surplus capital that was otherwise awaiting deployment in private businesses or real estate deals. ICO investment strategies are based on achieving an optimal balance of returns across asset classes while preserving liquidity so the surplus funds can be quickly deployed on short notice as attractive deals materialize in the core real estate business. ICO’s goal is to maximize long-term, risk adjusted performance, given liquidity objectives. ICO does this through applying the same value oriented discipline ICO leadership applies to managing private businesses it owns: putting capital to work in great businesses at attractive prices.
ICO Capital focuses on three principle opportunities: 1) private equity, 2) real estate debt strategies, and 3) diversified investments in the publicly traded bond, equity, and derivatives markets.
While tax rules vary across investment situations, ICO considers after-tax returns when making all its investments.
Investing innovation has exploded over the last several decades. Technology has enabled and will continue to enable new approaches such as high-speed trading, increasingly fine niche strategies, ETF market surrogates, etc. Despite this, ICO does not feel the need to fundamentally change its value-based investment philosophy and processes, grounded in approaches developed decades ago. Patient analysis and adherence to a value-based discipline will continue to outperform versus other investing disciplines over a market cycle.
ICO Capital’s investment management team has a simple goal: to maximize long-term, risk-adjusted performance, balanced by liquidity objectives.
ICO Capital is governed by a properly-motivated Board of Directors consisting solely of owners direct investment decisions, executed by members. The Board makes strategic decisions and appoints ICO Capital management.
Investment management team members have no mandate to seek profit for ICO Capital.