LGT closes secondaries fund on €1.2bn

LGT Capital Partners has reached final close for its Crown Global Secondaries II plc fund, on $1.2bn.

The fund was originally hoping to raise $750m, but high demand led it to raise its cap.

Crown Global Secondaries II will look to secondary opportunities globally, and has already completed 20 transactions.

Investors include pension funds, insurance companies and global foundations in Europe, Australia, the US and Asia.

Asset manager is targeting EUR 500m and is seeing discounts on both GP-led and LP stakes deals

Volpi Capital Investments Conti will hold Dutch geospatial data company Cyclomedia and UK-based surveillance group Digital Barriers

Backed by HarbourVest and LGT, TIV CF will hold four Fund VI assets Assemblin, EQOS, Flokk and Unica

Jake Elmhirst to lead new arm that will tap private banks and wealth managers to distribute GP's products

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

Czech Republic-headquartered family office is targeting DACH and CEE region deals

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds