LGT Capital Partners closes co-investment fund
Investment manager LGT Capital Partners closes a second co-investment fund on 1.3 billion US dollars. The money will be used to invest in buyouts in Europe, the US and Asia.
LGT Capital Partners AG, a subsidiary of the LGT Group from Liechtenstein, has closed its second co-investment fund on 1.3 billion US dollars. According to a media release, on final closing the fund called Crown Co-investment Opportunities II plc (CCO II) was oversubscribed. The fund attracted more than 40 institutional investors, including pension funds, insurance companies and endowments from Europe, the US, Latin America, Asia, Australia and the Middle East. It focuses on co-investments in buyouts in Europe, the US and Asia.
Wolfgang Müller, partner at LGT Capital Partners comments: “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”.
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.”
CCO II is the second fund from LGT Capital Partners focusing on co-investments.