Institutional Capital Corporation is an investment management firm that works with institutional investors. The company manages money for corporations and institutions and provides its investment management experience to investors through the no-load ICAP Funds. No-load funds are sold directly to customers at net asset value without a sales commission. These funds are managed by applying the same strategy the corporation uses for its separate account institutional clients. The ICAP Equity Fund, ICAP Select Equity Fund and ICAP International Fund each have at least a five-year rating from Morningstar. Founded in 1970, the company is headquartered in Chicago.