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LGT Capital Partners announces final close of Crown Co-investment Opportunities III at USD 2.0 billion

21 July 2022

LGT Capital Partners (LGT CP) is pleased to announce the final close of Crown Co-investment Opportunities III (CCO III) S.C.Sp., its third dedicated co-investment fund, at USD 2.0 billion, well above its initial target size of USD 1.5 billion.

Crown Co-investment Opportunities III S.C.Sp. (CCO III) continues the investment strategy of its predecessor funds and seeks to build a diversified portfolio of co-investments alongside high-quality managers in LGT CP’s network. The focus of the investment strategy is on buyouts in North America, Europe and opportunistically Asia-Pacific, that demonstrate favorable deal dynamics, visibility on value creation and downside protection. The program’s diversified investor base consists of more than 60 institutions, including pension funds, insurance companies, endowments and family offices in Europe, the Americas, Asia, Australia and the Middle East.

Wolfgang Müller, a Partner at LGT CP, comments: “Co-investments have increasingly become a component of diversified private market portfolios. By investing in CCO III, investors get direct access to high-quality transactions well diversified by sector, manager, geographic region and vintage year. At the same time, they can draw on our dedicated resources and years of experience to execute transactions thoroughly and efficiently.”

Ivan Vercoutère, a Managing Partner at LGT CP, adds: “Our global network of long-standing relationships with private equity managers enables us to access, evaluate and pursue some of the most interesting co-investment opportunities and to be highly selective in investing. Given our established leadership and reputation as a reliable and valued partner, we often act as a co-underwriter in transactions. With CCO III, we will continue to work closely with our private equity partners and focus on opportunities with clear visibility on multiple sources of value creation, while ensuring strong downside protection.”

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