LGT Capital Partners Holding has acquired Clerestory Capital Advisors, a New York-based investment and advisory firm. Established in 2007 by Joanne Douvas and Tommy Brown, CCA is focused on small, opportunistic real estate funds on a global basis.
LGT Capital Partners is pleased to announce that LGT Capital Partners Holding (USA) Inc. has acquired Clerestory Capital Advisors, LLC (“CCA”), a New York-based investment and advisory firm that provides investors with global access to real estate via funds, co-investments and secondary investments.
Established in 2007 by Joanne Douvas and Tommy Brown, CCA launched its first fund of funds in that same year, focusing on small, opportunistic real estate funds on a global basis.
Roberto Paganoni, CEO of LGT Capital Partners, comments: “We are convinced that this acquisition will bring benefits to clients of both organizations. Acquiring CCA will enhance our investment expertise in the real estate market and enable us to broaden and strengthen our multi-alternatives investment firm.”
Joanne Douvas, Co-Founder of CCA, adds: “CCA is very pleased to join LGT Capital Partners in order to benefit from a global institutional investment platform, enhanced opportunities within product development and additional resources for further developing its client base.”
About LGT Capital Partners
LGT Capital Partners is a leading alternative investment specialist with over USD 25 billion in assets under management and more than 300 institutional clients. A large, international team is responsible for managing a wide range of investment programs focusing on private markets, liquid alternatives and multi-asset class solutions. Headquartered in Pfaeffikon (SZ), Switzerland, the firm has offices in North America, Europe and Asia.
Raphael Paglia Tel: +41 55 415 9600
E-mail: [email protected]