LGT Capital Partners Announces Close of $1 Billion Asian Fund

October 16, 2019 | Investments, News, Private Equity
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Crown Asia-Pacific Private Equity IV Will Center on China and India Growth 

LGT Capital Partners announced the successful raise of $1 billion. The Swiss alternatives manager will allocate the capital to its fourth private equity fund in the Asia-Pacific region. Crown Asia-Pacific Private Equity IV closed at a level much higher than its third fund.

That fund closed with $586 million in 2014. The firm now manages more than $60 billion.

LGT Capital Partners Fund

According to DealStreetAsia, LGT Capital Partners had a diverse group of clients. The report said that more than 50 institutions tapped into the fund.

“Having been present in the Asia-Pacific region since 1998, 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, a Hong Kong-based partner at LGT Capital Partners.

The fund’s commitments came from pension funds, insurance firms and university endowments across North America, Europe, Australia and the Middle East, the report reads.

Fund IV will invest in companies that focus on higher consumer demand in China and India. Its recent Fund III made 27 primary fund investments, 15 secondary fund transactions, and 11 co-investments, the firm said.

Earlier this year, LGT acquired a controlling stake in Validus Wealth (formerly WGC Wealth.) The latter is a wealth management company based in India.

[Related: Ex-Infosys CEO Vishal Sikka Wants To Bring AI to India’s Masses]

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