Swiss firm LGT Capital Partners has closed its first dedicated co-investment fund on $432 million.
The vehicle includes investors from pensions, endowments, and family offices in Europe, the Middle East, and the US.
“Institutional investors have shown an increasing interest in co-investments over the last few years,” Tycho Sneyers, managing partner at LGT Capital Partners said in a statement. “The fund focuses on small and middle market buyouts, investing alongside high quality fund managers in the LGT Capital Partners network.”
To date, the co-investment program has made eleven investments and is working through a pipeline of other potential opportunities.
The current iteration of LGT Capital Partners was formed in April of last year following the integration of LGT Capital Management, which allowed the firm to offer a range of private placement and retail alternative products in Europe.
With the integration, assets under management increased to $50 billion.