LGT Capital Partners Raises $7B+ for Sixth Secondaries Fund

LGT Capital Partners has completed the final close on its sixth and latest secondaries fund, raising more than $7B and thereby exceeding its original $6B target.

The Switzerland-based company said its Crown Global Secondaries VI (CGS VI) “aims to build a broadly diversified portfolio of private equity assets, acquired through limited partnership interests and complex fund solutions,” according to an October 3 news release. CGS VI received investments from both new and predecessor-fund investors.

LGT said CGS VI is a global program capable of acquiring almost all private asset types, with a focus on buyout, growth equity and venture capital. It will invest in developed economies and opportunistically in emerging markets.

View the press release here.