LGT Capital Partners held the final close of Crown Asia-Pacific Private Equity V (CAPE V) with $1.65 billion in commitments from over 50 global institutions including pensions, university endowments and insurance companies.
The fifth fund from the $85 billion LGT Capital is set to focus on the firm’s longstanding relationships with the best managers in Asia to help provide the best deal flow required to remain highly selective in the fund’s private equity co-investment and secondary investment activities, according to Ivan Vercoutere, a managing partner at LGT Capital Partners.
“We have seen strong growth in the private equity asset class in the Asia-Pacific region over the past decade, and institutional investors remain focused on building their exposure to the region across vintage years,” Doug Coulter, a Hong Kong based partner at LGT Capital Partners. “With Cape V, investors benefit from a balanced, well diversified portfolio private companies across the region, acquired via our primary, secondary and co-investment platforms.”
