LGT closes two secondaries funds

The Pfäffikon, Switzerland-headquartered manager reached the hard-cap for both vehicles.

  • Fund name: Crown Global Secondaries V
  • Amount raised: $4.5 billion
  • Target size: $3.8 billion
  • Hard-cap: $4.5 billion
  • Stage of fundraising: Final close
  • Final close date: May 2021
  • Time on the road: 19 months
  • Predecessor fund: Crown Global Secondaries IV ($2.8 billion)

LGT Capital Partners has collected $6 billion across two funds focusing on different secondaries strategies. The firm raised $4.5 billion for Grown Global Secondaries V and $1.5 billion for Crown Secondaries Special Opportunities II. Both funds will continue their predecessor’s strategies.