LGT Capital Partners has raised $2bn in assets for two new semi-liquid open-ended investment vehicles, adding to its private equity and private credit fund range.
The expansion is designed to provide institutional investors and wealth management clients with greater access to fully funded private market strategies. The vehicles will align closely with the asset manager’s flagship LGT Endowment evergreen portfolio, which was launched in 1998.
The private equity strategy has been in development for two years and consists of a portfolio of more than 750 underlying companies. It primarily focuses on secondaries and co-investments, with LGT – which is privately owned by The Princely Family of Liechtenstein – attempting to capitalise on more attractive entry points by investing after recent market peaks.