Swiss alternative investment firm LGT Capital Partners has announced its final close of fourth fund at $1 billion, the company said in a statement.
The latest fund, Crown Asia-Pacific Private Equity IV plc (CAPE IV), is seeking to invest in the Asia-Pacific region.
The program’s investor base consists of more than 50 institutions, including pension funds, insurance companies and university endowments in Europe, US, Canada, Australia and the Middle East.
“Having been present in the Asia-Pacific region since 1998, we have seen increasing interest from institutional investors in the region. In parallel, the opportunity set of investments has also grown substantially,” Doug Coulter, Hong Kong-based Partner at LGT Capital Partners, said.
With CAPE IV, investors gain exposure to a diversified, well-balanced portfolio of some of the private companies in the Asia-Pacific region, acquired through our primary, secondary and co-investment businesses, he added.
In June, private bank and asset manager LGT acquired a controlling stake in Validus Wealth, an Indian wealth manager formerly known as WGC Wealth.
Two months later, LGT, owned by Liechtenstein's princely family, also Aspada, an India-focused impact investment fund, to expand its impact investing platform LGT Lightstone in India.
Ivan Vercoutere, managing partner at LGT Capital Partners, said the firm is making investments that are benefiting from the consumption upgrade stories in both China and India.
“With CAPE IV, we also offer investors balanced exposure to some of the leading small- and mid-market private equity firms across the entire region,” Vercoutere said.
Our longstanding relationships with these managers provides us with the quality and quantity of deal flow required to remain highly selective in our private equity co-investments, he added.
The investment firm has $60 billion in assets under management and more than 550 institutional clients in 37 countries.
An international team of over 500 professionals are responsible for managing a wide range of investment programs focusing on private markets, liquid alternatives and multi-asset class solutions.
Several other PE firms have raised Asia specific funds this year. Last month, Morgan Stanley Private Equity Asia raised $366.4 million for its fifth Asia fund.
In July, reports said buyout fund KKR & Co. is planning to raise a bigger Asia private equity fund and has hit the first close of its regional real estate fund.
In February, global alternative assets investment firm TPG said it has hit the final close of its seventh Asia-focused private equity fund after raising over $4.6 billion, exceeding its target.
