LGT Capital Partners has held the final close of Crown Europe Middle Market III (CEM III), its third investment program focused on European middle market buyouts, with total subscriptions of EUR500 million.
The program’s investor base consists of 34 institutions, including government pension funds, corporate pension funds and insurance companies in Australia, Belgium, Japan, Korea, the Middle East, the Netherlands, Spain, Sweden and Switzerland. CEM III has already committed EUR 237 million to nine private equity funds on a primary basis, seven secondary transactions and five co-investments.
Tycho Sneyers, Managing Partner at LGT Capital Partners, says: “Institutional investors have shown continued interest in the European middle market buyout segment. LGT Capital Partners' demonstrated ability to select and access attractive opportunities in this segment, as well as the strong performance of the predecessor program, have made CEM III a compelling proposition for our global investor base.”
Overall, LGT Capital Partners has had USD 4 billion of net asset inflows into its investment programs in 2015.
