Media release
LGT Capital Partners co-led the closing of Multiples Alternate Asset Management’s continuation fund at USD 430 million
India-focused private equity firm Multiples Alternate Asset Management successfully closed a USD 430 million continuation vehicle (CV), with LGT Capital Partners, HarbourVest Partners, Hamilton Lane and TPG NewQuest acting as co-leaders of the transaction. This represents one of the largest portfolio transactions in India to date.
Pfaeffikon and Hong Kong, 5 June 2025. The CV acquired interests in three transformative companies with strong growth trajectories from Multiples Fund II, alongside additional follow-on capital. Vastu Housing Finance Corporation is one of India’s leading affordable housing finance companies with the mission to make home ownership accessible across the country. Quantiphi is a digital engineering company that helps Indian businesses to unlock new possibilities through artificial intelligence. APAC Financial Services is an emerging financial services platform in India that provides loans to underserved micro, small and medium-sized enterprises.
Brooke Zhou, Partner at LGT Capital Partners, said: “We are pleased to partner with Multiples Alternate Asset Management to support the future growth journey of Vastu Housing Finance Corporation, Quantiphi and APAC Financial Services. LGT Capital Partners has been at the forefront of the growing secondaries market in Asia, and India is one of our key markets where we deployed substantial capital and built many long-term relationships. We look forward to pursuing further opportunities here.”
LGT Capital Partners has been investing in the secondaries market for over 20 years, with more than 450 transactions completed to date. The Secondaries team has dedicated investment professionals in offices in Pfaeffikon (Zurich area), London, New York, Hong Kong and San Francisco, and it can leverage the capabilities of LGT Capital Partners’ overall Private Markets investment teams, which comprise a total of more than 100 individuals.
LGT Capital Partners
LGT Capital Partners is a leading global specialist in alternative investing with over USD 100 billion in assets under management and more than 700 institutional clients in 50 countries. An international team of over 850 professionals is responsible for managing a wide range of investment programs focusing on private markets, multi-alternatives and diversifying strategies, as well as sustainable and impact strategies. Headquartered in Pfaeffikon (SZ), Switzerland, the firm has offices in San Francisco, New York, Dublin, London, Paris, The Hague, Luxembourg, Frankfurt am Main, Vaduz, Dubai, Beijing, Hong Kong, Tokyo and Sydney.
IMPORTANT INFORMATION
AuM is estimated and subject to change. Private market assets are stated in terms of committed capital. This marketing material was issued by LGT Capital Partners Ltd., Schuetzenstrasse 6, CH-8808 Pfaeffikon, Switzerland and/or its affiliates (hereafter "LGT CP") with the greatest of care and to the best of its knowledge and belief. LGT CP provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this marketing material are those of LGT CP at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are unaudited. This marketing material is provided for information purposes only and is for the exclusive use of the recipient. It does not constitute an offer or a recommendation to buy or sell financial instruments or services and does not release the recipient from exercising his/her own judgment. This marketing material may not be reproduced either in part or in full without the written permission of LGT CP. It is not intended for persons who, due to their nationality, place of residence, or any other reason are not permitted access to such information under local law.
