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Laxman Pai, Opalesque Asia: Switzerland-headquartered LGT Capital Partners, a global specialist in alternative investing, has announced the final close of its Crown Growth Opportunities IV fund, having reached $930m, surpassing its target of $750m.
The strategy provides investors with global venture and growth stage exposure through established and emerging managers, said a press release from the alternative investment specialist with over USD 85 billion in assets under management (AUM).
The fund invests through primary funds and will use secondaries and co-investments to add exposure to competitive underlying companies throughout the US, Europe, and Asia.
CGR IV's investor base includes pension funds, endowments, foundations, insurance companies, and family offices globally.
Thomas Kristensen, a Partner at LGT CP, said: "Leveraging LGT CP's existing relationships, deep network, and 25-year experience, we are thrilled about CGR IV's successful final close. Thanks to our global platform, we can draw on our expertise across all private market disciplines and geographies. The significant surpassing of the fund's original target size reflects the confidence and trust our valued investors place in us."
LGT CP is a provider of access to venture capital opportunities globally, having invested over USD 10 billion since inception, and has established strong relationships with over 400 venture capital firms globally.
The firm benefits from a specialized venture...................... To view our full article Click here
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