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LGT Capital closes fourth Asia-focused PE fund at $1 billion

Tuesday, October 15, 2019

(DealStreetAsia by Mars Mosqueda JR.) - Swiss alternative investment firm LGT Capital Partners announced that it has raised $1 billion for its fourth private equity fund that will invest in the Asia-Pacific region.

Crown Asia-Pacific Private Equity IV closed at the hard cap of $1 billion, well above the $586 million that the firm raised for its third fund in 2014, adding to the over $60 billion that LGT Capital manages.

The fund attracted commitments from more than 50 institutions, including pension funds, insurance firms and university endowments in Europe, the U.S., Canada, Australia and the Middle East, the firm said.

"We have seen increasing interest from institutional investors in the region. In parallel, the opportunity set of investments has also grown substantially," said Doug Coulter, Hong Kong-based partner at LGT Capital Partners.

Headquartered in Zurich, Switzerland, LGT Capital Partners has been active in the Asia-Pacific region since 1998. It focuses on private markets, liquid alternatives and multiasset class solutions.

The firm has offices in New York, Dublin, London, Paris, Vaduz, Dubai, Beijing, Hong Kong, Tokyo and Sydney.

Fund III had made 27 primary fund investments, 15 secondary fund transactions and 11 co-investments.


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