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Benedicte Gravrand, Opalesque Geneva:

LGT Capital Partners Ltd., a Swiss alternative investment specialist, has completed the acquisition of European Capital Fund Management Ltd., a London- and Paris-based private debt manager, from Ares Capital Corporation.

European Capital's funds will be managed by the same team led by Matthew Gordon Clark, Etienne Haubold, Stéphane Legrand and JC Morales Cortes. The team of more than 28 specialists will be integrated into LGT as the private debt investment competence center.

The acquisition was announced in March this year and completed on 31 May. Berkshire Capital acted as financial advisor for LGT, and Credit Suisse acted as financial advisor for US private equity firm Ares Management.

"We are pleased to have completed this transaction in a timely manner and to welcome our new, very experienced colleagues at LGT Capital Partners. We are looking forward to inform our clients about our European private debt offering and the team's strong track record", said Roberto Paganoni, CEO of LGT Capital Partners.

LGT has over $55bn in assets under management, a team of 400, and more than 450 institutional clients in 36 countries. Headquartered in Pfaeffikon, Switzerland, it manages investment programs focusing on private markets, liquid alternatives and multi-asset clas......................

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