News
LGT Capital Partners completes secondary private equity transactions totaling more than USD 2 billion in the second half of 2024
LGT Capital Partners executed more than USD 2 billion of transaction volume in the second half of 2024, closing 21 transactions and acquiring 330 underlying companies. LP portfolios represented 46% and GP-led situations accounted for 54% of the total transaction value.
Secondaries continued to be fueled by a growing private market asset base, strong secondary fundraising and muted realizations in the second half of the year. There was strong momentum in both LP- and GP-led transactions. The importance of secondaries as an alternative source of liquidity is likely to remain high due to the low level of exit activity in the broader private equity market.
LGT Capital Partners' largest secondary deals included:
- Family III, an LP portfolio of small and mid-market buyout and growth funds
- Declaration II, an LP portfolio of mid-market and large buyout funds
- Telos, a GP-led transaction to acquire large buyout assets
- Maxi IX, a GP-led transaction to acquire mid-market buyout assets
- Venice, an LP portfolio of primarily small and mid-market buyout funds
Europe accounted for 62% of the transaction value at entry, North America for 26% and Asia for 12%.
