Ion Crossover Partners (ICP) focuses on founders with growth aspirations and businesses with untapped growth potential.
ICP seeks to invest in Israeli and Israel-related technology companies that are in the global expansion phase and have a substantial customer and revenue base.
The firm aims to help management teams scale their businesses and utilize a strategic toolkit that includes IPO preparation.
ICP has a long-term investment horizon and a willingness to be patient when the right team finds the right market opportunity.
ICPs typical investments range from $50 million to $150 million with an average participation of $30 million to $50 million and co-investment from top-tier IPO anchors (e.g.
Fidelity, T Rowe, Wellington) that can join the syndicate and remain shareholders post-IPO.
ICP is flexible in its investment size and structure in order to match company needs, and could lead $100 million rounds including secondaries or bring $10 million to a syndicated deal.ICP is part of the ION Asset Management investment funds group, which has $1.5 billion under management in hedge funds and private equity funds, and was founded by Stephen Levey and Jonathan Half.