Pfaeffikon/SZ, Switzerland – 28 November 2016. LGT Capital Partners is pleased to announce that it has raised in excess of USD 2.5 billion for Crown Global Secondaries IV (CGS IV), its fourth dedicated secondary fund. The fund is expected to be oversubscribed and hold its final closing at the hard cap of USD 2.8 billion in the coming months.
Tycho Sneyers, managing partner at LGT Capital Partners, comments: “The CGS IV investor base so far consists of 89 institutions, including pension funds, endowments, insurers, sovereign wealth funds, family offices and financial institutions in Europe, the US, Canada, the Middle East, Asia, Australia and New Zealand. Our platform benefits from a large pool of capital available for secondary investments, as we have raised significant capital for our dedicated secondary funds as well as for other private equity investment programs with secondary allocations.”
Ivan Vercoutere, managing partner at LGT Capital Partners, adds: “CGS IV will continue the successful investment strategy of our previous secondaries funds in providing liquidity solutions to the global private equity market by leveraging our global investment platform and the firm's established set of relationships as a leading primary investor. Our large global investment team is dedicated to working with investors and fund managers in finding and creating attractive solutions in a rapidly evolving financial market environment.”
About LGT Capital Partners
LGT Capital Partners is a leading alternative investment specialist with over USD 50 billion in assets under management and more than 450 institutional clients in 36 countries. An international team of over 350 professionals is responsible for managing a wide range of investment programs focusing on private markets, liquid alternatives and multi-asset class solutions. Headquartered in Pfaeffikon (SZ), Switzerland, the firm has offices in New York, Dublin, London, Vaduz, Dubai, Beijing, Hong Kong, Tokyo and Sydney. www.lgtcp.com
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