LGT Capital Partners Awarded Kingfisher Pension Scheme Mandate

Alternative investment specialist LGT Capital Partners has been awarded a multi-alternatives mandate from Kingfisher Pension Scheme. The mandate is focused exclusively on alternative investments and includes hedge funds, commodities, insurance-linked securities, property, private equity and other alternative asset classes.

LGT Capital Partners Closes on CGS III at $2bn

LGT Capital Partners has closed Crown Global Secondaries III, its third global private equity secondary fund, reaching a total of $2 billion. The program’s investor base consists of more than 80 institutions and includes sovereign wealth funds, government pension funds, corporate pension funds, insurance companies, endowments and foundations.

KeBeK Acquires Part of KBC Private Equity Portfolio

KBC Private Equity has reached an agreement with KeBeK I, a newly established private equity investment fund managed by KeBeK Management NV, regarding the sale of the major part of KBC PE’s remaining private equity portfolio. KeBeK Management NV has launched KeBeK I with the backing of LGT Capital Partners.

Axa, LGT Capital Buy $901M PE Portfolio

Axa Private Equity and LGT Capital Partners have acquired a 620 million euro ($901 million) private equity portfolio from HSH Nordbank, Reuters reported Tuesday. Terms of the deal were not released. The deal is the latest in a string of purchases by Axa. The firm recently bought a $740 million portfolio from Barclays and a $1.7 billion portfolio from Citigroup. The HSH portfolio includes interests in 47 European private equity funds, Reuters wrote.

Global Secondary Market Expected to Surpass $25B, as Asian Deals Take Off

Private equity funds spent the last few years investing unprecedented sums in Asia. Now, secondary funds are swooping in for their share. That’s the impression from Monday’s announcement that a consortium of secondary investors has acquired a portfolio of stakes in Asia-based private companies from Bank of America valued around $400 million. The existing BofA […]

Consortium Buys Asia PE Assets from BoA Merrill Lynch

A consortium of private equity firms will buy a $400 million Asia non-real estate private equity portfolio from Bank of America Merrill Lynch, Reuters reported. Paul Capital leads the group, which also includes HarbourVest Partners Asia, LGT Capital Partners and Axiom Asia. The portfolio – about 20 assets – will become the holdings of a new private equity manager, NewQuest Capital Partners, which will focus on investment opportunities in Asia. The new fund will be called NewQuest Asia Fund I L.P, according to a statement issued by NewQuest on Monday, Reuters reported.

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