Media release
LGT Capital Partners successfully closes Legato III at EUR 454 million
LGT Capital Partners is pleased to announce the successful closing today of Legato Euro CLO III DAC (Legato III), which reached a total of EUR 454 million.
Pfaeffikon and London, 8 May 2026. Following the closing of LGT Capital Partners' inaugural CLO in September 2025 and its second transaction in January 2026, Legato III represents the third transaction to be conducted via the firm's dedicated CLO platform. Arranged by Deutsche Bank, it attracted orders from around 20 existing and new investors. The CLO features a 1.5-year non-call period and a 4.5-year reinvestment period.
Ilina Chen, Portfolio Manager at LGT Capital Partners, said: “We are pleased to have successfully closed our third Legato CLO today. We will continue to focus on maintaining the high quality of our portfolios against the volatile market backdrop”.
The Legato platform builds on LGT Capital Partners’ longstanding experience in the CLO market. Having invested in CLOs for more than a decade as both a limited partner and direct investor, the firm now manages its own European CLO portfolios, drawing on its expertise to navigate a range of market environments. Launched in 2025, the Legato platform utilizes existing internal capital allocations as well as institutional third-party investments.
LGT Capital Partners
LGT Capital Partners is a leading global specialist in alternative investing with over USD 110 billion in assets under management and more than 700 institutional clients in 50 countries. An international team of over 900 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, Singapore 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.
