LGT Global Private Infrastructure (LGPI)

Liquidity risk in semi-liquid funds with exposure to private markets means that these funds may face challenges when trying to convert their assets into cash. This can impact the fund’s ability to meet investor redemption requests. Redemptions from LGPI are restricted to 5% of the net asset value on each quarterly redemption date. During periods of financial stress or high redemption demand, no assurances can be provided as to the ability of investors to redeem their shares at any given time.

Investors should carefully consider the product’s risks as detailed in the fund offering documentation. The risks related to alternative investments generally include, without limitation:

• Alternative investments are speculative, involve complex instruments, and carry a high degree of risk. Such investments generally involve additional risks including higher levels of borrowing, limited transferability of investments, reduced investor protection, and less information to investors than would apply in major securities markets. An investment should only be made by those persons who could sustain a loss on their investment and is only suitable for professional investors.
• Investments can be subject to illiquidity, meaning there may be no buyer or seller available when the investor desires to invest or divest.
• The value of investments may be affected by uncertainties such as political developments, changes in government policies, changes in taxation, restrictions on foreign investments and currency repatriation, unfavorable exchange rate movements, and other developments in the laws and regulations of countries in which investments are made. This product may include investments in emerging markets. Emerging markets investments present heightened political risks, economic risks, credit risks, exchange rate risks, market liquidity risks, legal risks, settlement risks, market risks, shareholder risk, and creditor risk.
• Additional risks of alternative investments include: (i) substantial or total loss on the investment due to extensive use of debt capital, (ii) incentives to make investments that are riskier or more speculative due to performance based compensation, (iii) volatility of returns, (iv) potential lack of diversification and resulting higher risk due to concentration, (v) high fees and expenses that may offset profits, (vi) no requirement to provide periodic pricing or valuation information to investors, (vii) complex tax structures and delays in distributing important tax information, (viii) fewer regulatory requirements than registered funds, (ix) credit risks i.e. the failure of counterparties to meet contractual financial obligations, and (x) operational risk due to insufficient internal processes or systems, misbehavior of staff or external circumstances.
• Liquidity risk in semi-liquid funds with exposure to private markets means that these funds may face challenges when trying to convert their assets into cash. This can impact the fund’s ability to meet investor redemption requests. Redemptions from this fund are restricted to 5% of the net asset value on each quarterly redemption day. During periods of financial stress or high redemption demand, no assurances can be provided as to the ability of investors to redeem their shares at any given time.

This marketing material was produced by LGT Capital Partners (hereafter “LGT CP”) on behalf of the Alternative Investment Manager (“AIFM”) for the Alternative Investment Fund ("AIF") with the greatest of care and to the best of its knowledge and belief.

The AIF mentioned in this marketing material (further referred to as the ”Product“) is domiciled in Luxemburg and this marketing material  is issued by LGT Capital Partners (Ireland) Ltd., 3rd floor, 30 Herbert Street, Dublin 2, Ireland.

LGT CP provides no guarantee with regard to its content and completeness, and does not accept any liability for losses which may arise from making use of this marketing material. This marketing material is not a prospectus and does not constitute an offer or a recommendation to buy or sell financial instruments or services. This marketing material is provided for informational purposes only. The Product will not be marketed to retail investors. For full details of the Product features and of the opportunities, risks, and costs associated please see the corresponding legal documents, i.e. where applicable and available the sales prospectus, the private placement memorandum, the management regulations or articles of incorporation, the Key Information Document and the annual and half-yearly reports or the annual financial statements (further referred to as the “Product Documents”). The information and opinions contained in this marketing material come from the initiator or from other sources that LGT CP deems to be reliable. It can change without prior notice at any time. Unless stated otherwise, the indicated numbers have not been audited. However, this product may therefore be purchased only on the basis of the most recent Product Documents. The information and opinions contained in this marketing material constitute merely promotional communication, and not investment advice. Under no circumstances may reading this marketing material be a substitute for a personal consultation with a professional advisor before making any investment decision. Past Performance is not a guarantee, nor an indication of current or future performance. Future performance is subject to taxation which depends on the individual situation of each investor and may change in the future. LGT CP may receive consideration from third-parties in exchange for distribution and other services, either as single or recurring payments. The information is valid only at the time this marketing material was produced. A change in the economic environment, possible changes in the law, and other events may cause future performance to deviate from that indicated in this marketing material. This applies particularly to statements regarding returns and taxes. Every investment involves risk, especially with regard to fluctuations in value and return. Investments in foreign currencies involve the additional risk that the foreign currency may lose value against the investor's reference currency. Benchmarks and indices are shown for illustrative purposes only, may be unavailable for direct investment, may assume reinvestment of income, and have limitations when used for comparisons because they have volatility, credit, and other material characteristics, such as number and types of securities, that are different from the product. This marketing material is intended for the recipients individual and exclusive use. It 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. Neither this marketing material nor any copy thereof may be sent, taken into or distributed in the United States or to any U.S. person. Any Product Documents may be obtained free of charge from LGT CP upon request. Please refer to the end of the document for additional information.

ESG investment strategies integrate environmental, social and governance (ESG) factors into the investment process. Investors should note the Investment Manager’s assessment of ESG characteristics may change over time and the ESG conclusions of the Investment Manager might not reflect the ESG views of investors. There is no guarantee that a company meets the expectations in relation to ESG. LGT CP integrates an assessment of Sustainability Risks into its investment processes. The results of this assessment and the potential impact on returns may vary. LGT CP or the appointed manager may rely on third-party ESG data or research providers to produce any ESG-related analysis. Such data or research may be imprecise, incorrect or unavailable and the resulting analysis may be impacted. It is considered that the policies adopted to assess and mitigate Sustainability Risks may mitigate such risks to the fund. This Fund is aligned with Article 8 of (EU) 2019/2088, but does not have carbon reductions as its objective. It does not attain its portion of sustainable investment, if applicable, in the manner prescribed in Article 9(3) of such regulation. Investors should note that, relative to the expectations of the Autorité des Marchés Financiers, this fund presents disproportionate communication on the consideration of non-financial criteria in its investment policy. Further, it is considered that the name of this fund is disproportionate to the AMF's consideration of non-financial criteria. The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities. This product is based overseas and is not subject to FCA sustainable investment labelling and disclosure requirements. Further details on ESG integration and sustainability-related stewardship can be found on lgtcp.com.

Investors should read the complete description of fund aims, risks, costs, charges, terms and conditions set out in the fund’s offering documentation prior to investing.

Austria: The marketing of the Product has been duly passported to Austria in compliance with section 31 of the Austrian Law on Alternative Investment Funds Managers ("AIFMG") and the Product will be marketed only to professional investors and qualified private clients. Belgium: As at the date of this marketing material, the Fund has not been and will not be registered with the Belgian regulatory authorities (the Belgian Financial Services and Markets Authority, "FSMA") as a foreign public alternative investment fund referred to under article 259 of the Belgian Law dated 19 April 2014, as amended, implementing the Directive 2011/61/EU on alternative investment fund managers (the "AIFM Law"). This marketing material does not constitute a public offer in Belgium in the meaning of article 5 of the AIFM Law or article 3 of the Belgian Law of 16 June 2006 on public offerings of securities and admissions of securities on regulated markets, as amended, and accordingly should not be construed as such. As a result, the FSMA has neither reviewed nor approved this marketing material. Neither this marketing material nor any form of application, advertisement or other material may be distributed or otherwise made available to the public in or from, or published in Belgium except in circumstances which do not constitute a public offer. To the extent the marketing material is circulated in Belgium, it is to be considered as used in relation to a private placement to a limited number of professional and/or qualified investors only. Denmark: The Product may only be distributed to Professional investors within the meaning of the Danish Act on Managers of Alternative Investment Funds. Finland: The Product may only be offered in Finland in compliance with the Alternative Investment Fund Managers’ Act (162/2014) to investors in Finland who qualify as “professional clients” under the Finnish Investment Services Act (747/2012, as amended). The Product may be offered in Finland only in circumstances which do not require the publication of a prospectus in accordance with the Finnish Securities Market Act (746/2012, as amended), the Finnish Investment Funds Act (48/1999, as amended) or the Prospectus Directive (2003/71/EC, as amended). This information does not constitute a Key Information Document under the Investment Funds Act or the Alternative Investment Fund Managers’ Act and it has neither been filed with nor approved by the Finnish Financial Supervisory Authority. France: The Product is an alternative investment fund (AIF) within the meaning of Directive 2011/61/EU (AIFMD), which is authorized to be marketed to professional investors in France in accordance with Articles L. 214-24-1 and D. 214-32 to 214-32-4-1 of the French Code monétaire et financier, Articles 421-1A to 421-37 of the General Regulation of the Autorité des marchés financiers and Instruction 2014-03 of the Autorité des marchés financiers. This marketing material constitutes promotional material as defined in Article 421-25 of the General Regulation of the Autorité des marchés financiers. It is provided for information purposes only and may not be relied upon to make an investment decision. No decision to invest in Product should be made without prior review of the complete investor information documents required by applicable laws and regulations, which are available free of charge in the English language at: http://www.lgt.com, or obtained free of charge at: https://www.lgt.com/en/contact/index.html. This marketing material is intended exclusively for, and may only be distributed to professional investors as defined in Articles L.533-16, D.533-11 and D.533-12 of the French Code monétaire et financier. Germany: This advert is for marketing and advertising purposes and is only directed to professional (§ 1 (19) no. 32 KAGB) and semi-professional investors (§ 1 (19) no. 33 KAGB). Iceland: This marketing material has been issued exclusively for professional investors in Iceland and for the purposes of the described investment opportunities. The Product mentioned in this marketing material is not registered for public distribution in Iceland with the Financial Supervisory Authority pursuant to the Icelandic Act on Undertaking for Collective Investment in Transferable Securities, Investment Funds and Institutional Investment Funds No.128/2011 (the ‘‘Icelandic Collective Investment Funds Act’’) and supplementary regulations. As the product is not registered for public distribution in Iceland, it may not be offered, sold or resold to the public in Iceland. The investment described in this marketing material is not a public offering of securities. Accordingly, this marketing material may not be used for any other purpose or passed on to any other person in Iceland. Italy: The Product may only be distributed to Professional Clients within the meaning of the Article 26, paragraph 1, lett. D) of the Consob Regulation 16190/2007. This information is personal to each recipient and may only be used by those persons to whom it has been handed out. Liechtenstein: The Product was approved as an alternative investment fund by the Financial Market Authority in Liechtenstein. Luxembourg: The Product is authorized to be marketed in the Grand Duchy of Luxembourg in accordance to the Law of 12 July 2013 on alternative investment funds managers to professional investors as defined in Luxembourg law and may not be distributed to or made available to non-professional investors in the Grand Duchy of Luxembourg. The Netherlands: The Product described herein is registered for distribution in the Netherlands to professional investors within the meaning of the Dutch Act on Financial Supervision and the interests in the Product described herein may therefore only be offered upon issue or thereafter, and whether directly or indirectly, to professional investor within the meaning of the Dutch Act on Financial Supervision. Spain: This marketing material is for information purposes only and nothing contained in this marketing material should constitute a solicitation, or offer, or recommendation, to buy or sell any investment instruments, to effect any transactions, or to conclude any legal act of any kind whatsoever. This marketing material is neither a prospectus nor the result of a financial analysis. The manager of the Product is subject to the Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers, and it has been passported to market the fund to professional investors in Spain. Prospective investors must rely on their own examination of the legal, taxation, financial and other consequences of an investment in the fund, including the merits of investing and the risks involved. Prospective investors should not treat the contents of this marketing material as advice relating to legal, taxation or investment matters. Before entering into an agreement in respect of an investment referred to in this marketing material, investors should consult their own professional and/or investment advisers as to its suitability for them. A comprehensive list of risk factors appears in the Alternative Investment Fund’s Documents. Sweden: LGT Capital Partners (Ireland) Limited or LGT Capital Partners (FL) Ltd. has been duly notified to the Swedish Financial Supervisory Authority (Sw. Finansinspektioenen) (“SFSA”) and may market the Product to professional investors in Sweden under the Swedish Alternative Investment Fund Managers Act (2013:561) (the “AIFMA”). Neither the Product nor the LGT Capital Partners (Ireland) Limited or LGT Capital Partners (FL) Ltd. are authorized or supervised by the SFSA under the Swedish Securities Funds Act (Sw: lag (2004:46). Furthermore, this information memorandum has not been, nor will it be, registered with or approved by the SFSA under the Swedish Financial Instruments Trading Act (1991:980) (the “Trading Act”). Accordingly, this information memorandum may not be made available, nor may the interests in the Product offered hereunder be marketed and offered for sale in Sweden, other than under circumstances which do not to require a Prospectus (Sw. prospect) under the Trading Act. Prospective investors should not construe the contents of this marketing material as legal or tax advice. Switzerland: This information is marketing material and not a fund offering document, nor the result of a financial analysis. Not all information relevant for investment decisions may be available in German – either in the original or as a translation. The financial instrument is considered a foreign collective investment scheme. No application has been submitted to the Federal Financial Market Supervisory Authority (“FINMA”) to obtain approval to advertise or offer the financial instrument in or from Switzerland to non-qualified investors. The financial instrument is not registered with FINMA. Consequently, investors do not benefit from the specific investor protection and/or FINMA supervision stipulated by applicable Swiss law. Any advertising, offer or sale must be in strict compliance with relevant Swiss law. The units may not be advertised or offered to retail investors in or from Switzerland, but only to qualified investors. Representative: LGT Capital Partners Ltd., Schützenstrasse 6, CH-8808 Pfäffikon. Paying agent: LGT Bank (Switzerland) AG, Lange Gasse 15, CH-4002 Basel. In respect of the units advertised or offered in and from Switzerland, the place of jurisdiction is Pfäffikon SZ, Switzerland. United Kingdom: The Product is an unregulated collective investment scheme for the purposes of the Financial Services and Markets Act 2000 ("FSMA") and as such this marketing material is not intended for distribution to the general public in the United Kingdom. LGT Capital Partners (U.K.) Limited is authorized by the Financial Conduct Authority ("FCA"), and as such is subject to the restriction in section 238 of the FSMA on the promotion of such schemes. Accordingly, LGT Capital Partners (U.K.) Limited only promotes the Product to persons in the United Kingdom in respect of whom exemptions from section 238 apply, including, but not limited to (i) persons falling within any of the categories of "investment professionals" as defined in Article 14(5) of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (the "CIS Promotion Order"). (ii) persons falling within any of the categories of persons described in Article 22 of the CIS Promotion Order, (iii) persons falling within the categories of "certified high net worth individual" described in Article 21 of the CIS Promotion Order or "self-certified sophisticated investor" described in Article 23A of the CIS Promotion Order, (iv) persons falling within the categories of persons described in COBS 4.12 in the FCA Handbook of Rules and Guidance and (v) any person to whom it may otherwise lawfully be made. Persons of any other description should not act upon this marketing material. This marketing material was approved for distribution in the United Kingdom by LGT Capital Partners (UK) Limited, authorized and regulated by the FCA.

* Redemptions are limited to 5.0% of fund NAV on each quarterly redemption date. Additional liquidity restrictions apply. A full description of the terms is provided in the fund’s offering memorandum.

** Based on the value of portfolio investments only; excludes cash and cash equivalents, which are estimated to account for 0–20%.