LGT Capital Partners Closes Crown Global Secondaries VI Above $7 Billion
– LGT Capital Partners has completed the final close of its flagship secondaries fund, Crown Global Secondaries VI (CGS VI), surpassing the original USD 6 billion target.
– CGS VI follows LGT’s successful investment strategy from previous secondary funds.
– The fund aims to build a diversified portfolio of private equity assets through limited partnership interests and complex fund solutions.
– Strong support from both existing and new investors contributed to the fund’s success.
– LGT Capital Partners leverages over 20 years of secondary market experience and established relationships for CGS VI.
– CGS VI’s portfolio will consist of more than 1,500 underlying companies, with a focus on high-quality assets.
– The fund targets buyout, growth equity, and venture capital transactions in developed economies, with opportunistic investments in emerging markets.
– Ivan Vercoutère, Managing Partner and CIO at LGT, credited the fund’s success to investors’ trust and LGT’s strong secondary market performance.
– André Aubert, Partner and Co-Head of Secondaries, emphasized CGS VI’s strong demand, the firm’s track record, and expertise in GP-led transactions, which now account for 40% of the USD 130 billion secondaries market.
– LGT has completed over 430 transactions in the secondary market over the past two decades.
– The Secondaries team operates from offices in Zurich, London, New York, Hong Kong, and San Francisco, with access to over 100 private markets professionals.
– CGS VI follows LGT’s successful investment strategy from previous secondary funds.
– The fund aims to build a diversified portfolio of private equity assets through limited partnership interests and complex fund solutions.
– Strong support from both existing and new investors contributed to the fund’s success.
– LGT Capital Partners leverages over 20 years of secondary market experience and established relationships for CGS VI.
– CGS VI’s portfolio will consist of more than 1,500 underlying companies, with a focus on high-quality assets.
– The fund targets buyout, growth equity, and venture capital transactions in developed economies, with opportunistic investments in emerging markets.
– Ivan Vercoutère, Managing Partner and CIO at LGT, credited the fund’s success to investors’ trust and LGT’s strong secondary market performance.
– André Aubert, Partner and Co-Head of Secondaries, emphasized CGS VI’s strong demand, the firm’s track record, and expertise in GP-led transactions, which now account for 40% of the USD 130 billion secondaries market.
– LGT has completed over 430 transactions in the secondary market over the past two decades.
– The Secondaries team operates from offices in Zurich, London, New York, Hong Kong, and San Francisco, with access to over 100 private markets professionals.