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Bailey McCann, Opalesque New York: Swiss private equity firm LGT Capital Partners has closed its third co-investment fund - Crown Co-investment Opportunities III (CCO III) - on $2.0 billion, beating its initial target size of $1.5 billion. The firm's predecessor co-investment fund CCO II closed on $1.3 billion in 2019.
The focus of the investment strategy is on buyouts in North America, Europe and opportunistically Asia-Pacific.
"Co-investments have increasingly become a
component of diversified private market portfolios. By investing in CCO III, investors get direct access to high quality transactions well-diversified by sector, manager, geographic region and vintage year. At the same time,
they can draw on our dedicated resources and years of experience to execute transactions thoroughly and
efficiently," said Wolfgang Müller, a Partner at LGT Capital Partners.
The fund close comes one month after LGT closed its fifth Asia Pacific fund-of-funds on $1.65 billion. LGT makes control and non-control investments as well as co-investments in Asia Pacific.
LGT also closed a new impact fund on $500 million last month beating its $350 million target. That fund will invest in impactful companies across
three core impact themes: climate action, inclusive growth and healthcare. The fund focuses on co-investments
alongside leading conventional and impact managers. In addition to rigorous investment due diligence, these opportunities are subject to an
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