LGT Capital Partners has held the final close of Crown Co-investment Opportunities plc (CCO), its first dedicated co-investment fund, with total subscriptions of USD432 million.
The program’s investor base consists of 20 institutions, including pension funds, endowments and family offices in Europe, the United States and the Middle East.
Tycho Sneyers, Managing Partner at LGT Capital Partners, says: “Institutional investors have shown an increasing interest in co-investments over the last few years, and with CCO, they achieve exposure to a differentiated strategy. The fund focuses on small and middle market buyouts, investing alongside high quality fund managers in the LGT Capital Partners network.”
Ivan Vercoutere, Managing Partner at LGT Capital Partners, adds: “In making co-investments for our clients, we focus on opportunities with clear visibility on multiple sources of value creation, while ensuring strong downside protection. Our large network of relationships with private equity managers provides us with the quality and quantity of deal flow required to remain highly selective in investing. As a result, CCO has been able to complete eleven co-investments to date, with more high quality deals in the pipeline.”
