LGT closes third co-investment fund on USD 2bn

Crown Co-investment Opportunities III is a USD 700m upsize on its predecessor, which closed in January 2019. 

LGT, an alternative investments manager, said that the fund will continue the strategy of the earlier funds by building a diversified portfolio of co-investments alongside the managers in its network. 

Geographically, the fund will mostly focus on North America and Europe but will remain opportunistic in Asia. 

Crown Co-investment Opportunities II stopped investing in January 2022. Nearly all of the fund's co-investments have been buyout with 4% in special situations, according to a report by the firm. 

Fund II invested 38% in North America, 30% in DACH, 18% in the UK & Ireland, 11% in China and Japan, and 3% in France, said the report. 

Investors

The program's diversified investor base consists of more than 60 institutions, including pension funds, insurance companies, endowments and family offices in Europe, the Americas, Asia, Australia and the Middle East.

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• Topics
• Buyout
• LGT Capital Partners