LGT Capital Partners holds first close of latest secondaries fund on $268m

AltAssets – LGT Capital Partners, an alternative assets manager, has held the first close of its listed fund Crown Global Secondaries II on $268m. The overall fundraising target of the fund is $750m.

Tycho Sneyers, partner at LGT Capital Partners, said, “We are raising a mid-sized secondary fund which allows us to be very selective and focus on those transactions where we have proprietary insights. We believe our disciplined approach of acquiring high-quality assets through smaller, less intermediated transactions will achieve attractive returns while taking limited risks.”

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