LGT Private Debt completes final close of Crown European Private Debt III

25 July 2023

LGT Private Debt recently held the final close of Crown European Private Debt III (CEPD III) at EUR 1.2 billion. The firm’s third European private debt fund predominantly finances senior secured first-lien debt transactions for sponsor-led mid-market companies across Europe. The program's investor base includes pension funds, endowments, foundations, insurance companies and family offices globally.

Launched in 2021, CEPD III invests primarily in senior debt, focusing on private equity owned companies with enterprise values between EUR 100 million and 500 million. The fund’s portfolio is currently composed of 15 assets.

Matthew Gordon Clark, a Partner at LGT Capital Partners, said: “Despite the changing market environment, companies are continuing to seek bespoke, innovative debt financing solutions and institutional investors appreciate the attractive risk adjusted returns from funds such as ours. We are delighted to have held CEPD III’s final close and look forward to expanding our role in supporting the growth of companies in our target market across Europe.”

Private debt is one of the private market capabilities of LGT Capital Partners. The private debt team consists of 46 professionals, with senior management having on average 22 years of experience. The team has invested more than EUR 5.2 billion since 2005. As a specialist in the European private debt market, they arranged the first unitranche transaction in Europe in 2007.