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LGT Capital Partners closes Crown Europe Small Buyouts VI at over EUR 750 million

28 October 2024

LGT Capital Partners has completed the final close of the Crown Europe Small Buyouts VI (CESB VI) fund at more than EUR 750 million, exceeding the original target size. Leveraging the firm’s 25 years of experience in private equity investments, the sixth dedicated European small buyout fund focuses on access-constrained and highly specialized European private equity managers.

With CESB VI, LGT Capital Partners is continuing its longstanding strategy of investing in highly specialized small and emerging managers. These primary fund commitments are complemented by secondary transactions and co-investments, leveraging the firm’s global platform and deep relationships with private equity fund managers.

CESB VI has seen sustained demand from both existing and new investors. The program’s investor base consists of pension funds, insurance companies, sovereign wealth funds, family offices and endowments from Europe, the US and Asia Pacific.

Cem Meric, Partner at LGT Capital Partners, said: “Over the last 25 years, we have built the expertise and capital base that allow us to identify and invest with some of the strongest private equity managers in Europe. This resulted in the successful fundraising for CESB VI, and we would like to thank our global investors for their trust in us.”

Dominic Abt, Principal at LGT Capital Partners, added: "The European private equity ecosystem for smaller deals remains highly fragmented. Combined with the structural advantages of buying companies at more conservative valuations, this has allowed for a vibrant market for deal-making and exits despite subdued conditions in the broader private equity market.” LGT Capital Partners has a long track record of investing in European buyouts, with more than EUR 21 billion committed since 1998. The European private equity team comprises 58 investment professionals from 20 different nations, giving it a deep understanding of local dynamics within its focus regions.

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