ICG CEO, Walter Buckley, To Speak At 15th Annual Needham Growth Conference On January 16, 2013

RADNOR, Pa., Jan. 7, 2013 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE) today announced that it will present at the 15 ^th Annual Needham Growth Conference, to be held in New York City January 15, 16 and 17, 2013. ICG's CEO, Walter Buckley, will present information on the Company's progress, strategy and value proposition to the financial community at the Needham Conference on Wednesday, January 16 at 8:40 a.m. ET.

Although presentations at the conference are only open to Needham & Company and its clients, ICG's presentation will be web cast and accessible for replay from the ICG web site at http://www.icg.com/investors/events-and-presentations/

About ICG

ICG Group, Inc. (Nasdaq:ICGE) identifies, capitalizes and grows companies in the cloud-based software and services sectors. These companies transform the way business is done by enabling enterprises to increase efficiencies and improve and automate critical processes. ICG leverages its unique expertise to carefully identify companies based on their potential to become market-changers and market-leaders. ICG is focused on building profitable businesses in its target sectors by infusing them with management expertise, strategic and operational guidance, as well as growth capital.

The ICG logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7794

Safe Harbor Statement under Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not historical facts are forward-looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future performance of our companies, acquisitions or dispositions of interests in companies, the effect of economic conditions generally, capital spending by customers, development of the e-commerce and information technology markets and uncertainties detailed in our filings with the Securities and Exchange Commission. These and other factors may cause actual results to differ materially from those projected.

CONTACT: Investor inquiries:
         Karen Greene
         ICG
         Investor Relations
         610-727-6900
         [e-mail]