Venture Capital: LGT Capital Partners Wraps Up Oversubscribed $930M Round For Its Crown Growth Opportunities IV Fund

July 17, 2023 | News, Venture Capital

The initial target for CGR IV was $750 million.

LGT Capital Partners successfully concluded the final round of funding for Crown Growth Opportunities IV, their fourth global venture capital fund. Surpassing its initial goal of USD 750 million, CGR IV garnered over USD 930 million in subscriptions. The fund attracts investors such as pension funds, endowments, foundations, insurance companies, and family offices worldwide.

CGR IV offers investors exposure to global venture and growth-stage opportunities through established and emerging managers. While primarily investing in primary funds, the fund also utilizes secondaries and co-investments to gain exposure to competitive companies across the US, Europe, and Asia.

Thomas Kristensen, a Partner at LGT CP, said the successful final close of CGR IV leveraged the firm’s extensive network, relationships, and 25 years of experience. Furthermore, LGT’s global platform enabled a presence across all private market disciplines and geographies. (LGT Capital)

Olivier Meline, another Partner at LGT CP, said the firm achieved positive performance and distributions within its portfolio investments despite the challenging exit environment.

With over 85% of dry powder available for investment in 2023 and future opportunities, the firm possesses a competitive advantage in capturing new and promising growth prospects.

LGT CP has earned a reputation for granting access to top-notch global venture capital prospects, with a track record of investing more than USD 10 billion since its establishment. With extensive connections to over 400 venture capital firms globally, the company leverages a specialized venture capital team backed by a broader private equity platform staffed by a workforce of over 300 professionals.

Related Story:  Investors Including CBA Pour $220M Into Australian Climate Investment Firm Wollemi Capital

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