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LGT holds final close of Crown Global Secondaries VI above target at more than $7bn

LGT Capital Partners has held the final close of its latest flagship secondaries fund, Crown Global Secondaries VI (CGS VI), at over $7bn in total capital commitments exceeding the original target size of $6bn.

Drawing on the firm’s successful investment strategy for previous secondary funds, CGS VI aims to build a broadly diversified portfolio of private equity assets, acquired through limited partnership interests and complex fund solutions. The fund received strong support from existing and new investors.

LGT Capital Partners intends to construct a portfolio of more than 1,500 underlying companies for CGS VI’s investors. CGS VI will concentrate on high-conviction managers with high-quality underlying assets acquired through transactions with favourable deal dynamics. CGS VI is a global programme capable of acquiring almost all private asset types, with a focus on buyout, growth equity and venture capital.

Regionally, CGS VI will invest in developed economies and opportunistically in emerging markets, leveraging the market coverage of LGT Capital Partners’ portfolio of more than 3,000 private market funds.

LGT Capital Partners has been investing in the secondary market for more than 20 years with more than 430 transactions completed to date. The Secondaries team has dedicated investment professionals in offices in Pfaeffikon (Zurich area), London, New York, Hong Kong and San Francisco, and can capitalise on the capabilities of LGT Capital Partners’ overall Private Markets investment teams, which comprise a total of more than 100 individuals.

 

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