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Alternative Market Briefing

LGT Capital Partners soars past Crown Asia-Pacific Private Equity V target to strike $1.65bn hard cap

Friday, June 24, 2022

Laxman Pai, Opalesque Asia:

Swiss alternative investment specialist LGT Capital Partners has held the final close of its fifth Asia Pacific fund-of-funds at a hard cap of $1.65 billion, which exceeded the $1 billion target.

The largest family-owned private banking and asset management group in the world said in a press release that the fund, Crown Asia-Pacific Private Equity V (CAPE V), attracted commitments from more than 50 institutions, including pension funds, insurance companies, university endowments, and foundations in Europe, the US, Canada, Australia, and the Middle East.

Doug Coulter, a Hong Kong-based Partner at LGT Capital Partners, said: "We have seen strong growth in the private equity asset class in the Asia-Pacific region over the past decade, and institutional investors remain focused on building their exposure to the region across vintage years. With CAPE V, investors benefit from a balanced, well-diversified portfolio of private companies across the region, acquired via our primary, secondary, and co-investment platforms."

"With CAPE V, we are making investments that are benefiting from the continued improvement in household incomes across emerging Asia while also offering investors balanced exposure to the more mature private equity markets in the region," said Ivan Vercoutere, a Managing Partner at LGT Capital Partners.

"Our longstanding relationships with the best managers across Asia provide us with the quality and quantity of deal fl......................

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