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LGT closes first impact-focused PE fund at $550m

Saturday, June 18, 2022
Opalesque Industry Update - Crown Impact S.C.Sp., LGT Capital Partners' first dedicated impact fund, closed on 31 May 2022 at $550m, significantly above its initial target size of $350m due to strong investor demand and a growing investment opportunity set.

Crown Impact invests in highly 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, complementing the portfolio with impact primary and secondary fund investments. In addition to rigorous investment due diligence, these opportunities are subject to an in-depth impact assessment, which includes their alignment to the UN Sustainable Development Goals ("SDGs") and the underlying targets and indicators. The fund's diversified investor base includes pension funds, insurance companies, endowments and family offices across Europe, Latin America, Asia and Australia.

Ivan Vercoutère, a Managing Partner at LGT Capital Partners, comments: "We are pleased to have seen significant interest from investors for our first dedicated impact program. In light of the powerful drivers for sustainability and inclusiveness, we will be able to select highly impactful and attractive investments from a continuously developing set of opportunities. The capital raised will support LGT Capital Partners' continued and growing contributions to solving global challenges through the program's clear focus on key impact areas while also achieving attractive financial returns."

Tycho Sneyers, a Managing Partner at LGT Capital Partners, states: "With Crown Impact, investors benefit from the capabilities and the global network of our investment platform, backed by over 20 years of private equity investing experience, in combination with long-standing leadership in impact and sustainable investing. Crown Impact will be a well-diversified portfolio across sectors, investment styles and geographies, while applying rigorous impact measurement and management practices, which also include external impact verification and transparent impact reporting."

Since 2010, LGT Capital Partners has invested over $1bn in impact opportunities. Crown Impact is a continued expansion of this investment strategy, leveraging the investment expertise of over 250 investment professionals across Europe, the United States and Asia, as well as over 600 private equity manager relationships worldwide.

Crown Impact is an Article 9 fund under SFDR.

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