LGT Capital Partners, an alternative assets and fund of funds manager, has closed several private equity funds of funds and single investor accounts with total commitments of USD4.1bn.
The firm recently held final closings for the following investment programmes:
• Crown Premium IV in May 2010, with EUR562m in subscriptions
• Crown Global Secondaries II in July 2010, with USD1.2bn in subscriptions
• Crown Europe Middle Market II in July 2010, with EUR429m in subscriptions
In addition, LGT Capital Partners has been awarded a number of single investor accounts.
Tycho Sneyers, partner at LGT Capital Partners, says: “Our ability to raise substantial capital in such a difficult environment shows that institutional investors are ready and able to commit capital to the right programs at the right time. Our focus on providing differentiated programs, as well as customized solutions for clients, has clearly met the needs of institutional investors in Asia, Australia, Europe, Middle East and North America.”
