LGT Capital Partners holds final close of third direct secondaries fund at $3bn

Private Equity Wire

LGT Capital Partners has completed the final close of Crown Secondaries Special Opportunities III at $3bn, exceeding the original target size of $2.5bn. The firm’s fund provides liquidity solutions for private equity-owned companies.

CSSO III acquires direct minority stakes in private equity-owned portfolio companies, finances M&A growth and participates in concentrated continuation vehicles. Investors include pension funds, insurance companies, sovereign wealth funds, family offices and endowments in Europe, the US, Asia Pacific and the Middle East.

LGT Capital Partners has completed 87 investments since 2015.

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