LGT Capital Partners Buys HSH Nordbank Portfolio

Swiss investment firm LGT Capital Partners will acquire a 369 million euro private equity portfolio from HSH Nordbank AG. The portfolio consists of commitments from 29 different limited partnerships focused on European small and mid-market buyout funds, LGT Capital said in a statement.

PRESS RELEASE
LGT Capital Partners, the global alternative investment manager, has signed an agreement with HSH Nordbank AG to acquire EUR 369 million of original commitments from 29 different limited partnerships focused on European small and mid-market buyout funds. The portfolio is a strong complementary fit to LGT Capital Partners’ leading position in the European small and mid-market segment.

Ivan Vercoutere, Partner at LGT Capital Partners, said: “LGT Capital Partners’ strong coverage and knowledge of the European small and mid-market buyout space was instrumental in securing the acquisition of this high quality portfolio of assets. It confirms our leading position in this segment of the private equity market that has proven more resilient and continues to perform strongly with attractive returns.”

LGT Capital Partners has completed over 35 secondary transactions in the last 12 months, totaling over USD 1.0 billion in transaction value, including this transaction.

About LGT Capital Partners
LGT Capital Partners is a leading fund of funds manager focused on alternative assets for institutional investors. We currently manage USD 21 billion in hedge fund and private equity investments on a global basis. Our team of more than 180 professionals, representing 33 nationalities, is responsible for managing the Castle and Crown alternative investment programs. Headquartered in Pfaeffikon (SZ), Switzerland, the firm has offices in New York, London, Dublin, Hong Kong and Tokyo.