SWITZERLAND - LGT Capital Partners has closed a number of private equity funds of funds and single-investor accounts, with total commitments of $4.1bn (€3.1bn), during what it described as a period of "slow fundraising".
The company held final closings for Crown PREMIUM IV in May, with €562m in subscriptions, and Crown Global Secondaries II in July, with $1.2bn in subscriptions.
Final closings for Crown Europe Middle Market II occurred in July, with €429m in subscriptions.
The company has also been awarded a number of single-investor accounts.
Tycho Sneyers, partner at LGT, said his company's ability to raise capital in such a difficult environment showed institutional investors were "ready and able to commit capital" to the "right programmes at the right time".
He said: "Our focus on providing differentiated programmes, as well as customised solutions for clients, has clearly met the needs of institutional investors in Asia, Australia, Europe, Middle East and North America."
LGT is a Switzerland-based alternative assets and fund of funds manager focused on institutional investors.
It currently manages $19bn in hedge fund and private equity investments.