LGT Capital Closes Asia-Pacific Fund-of-Funds

LGT Capital Partners has raised $373 million for its Crown Asia-Pacific Private Equity fund-of-funds. 


LGT Capital Partners is pleased to announce the final close of Crown Asia-Pacific Private Equity plc with total subscriptions of USD 373 million. The private equity investment program allocates capital to funds in the Asian-Pacific region, including buyout, growth capital and venture strategies. The program’s global investor base includes government pension funds, corporate pension funds, insurance companies and foundations.

Tycho Sneyers, Partner at LGT Capital Partners, comments: “Having invested in the Asia-Pacific region since 1998 through our global portfolios, the closing of our first offering dedicated exclusively to making investments in the Asia-Pacific region follows a significant expansion of our team there. LGT Capital Partners currently employs some 20 professionals based in Hong Kong and Tokyo, who manage our Asia-focused private equity and hedge fund portfolios and provide client service. Our firm has made a significant commitment to the region as we are convinced of the investment opportunities.”

The fund has already made 21 commitments across Asia’s key private equity markets, including China, India and Japan as well as in pan-Asian funds. “The manager universe in Asia numbers more than 1000 firms,” says Ivan Vercoutère, Partner at LGT Capital Partners, “and with Crown Asia-Pacific Private Equity, we make commitments to the most promising local teams as well as to a balanced selection of pan-Asian funds. This gives our institutional clients access to the best private equity opportunities in a crowded investment