LGT Capital Partners today announced the final close of its Crown Europe Small Buyouts VI fund, with over €750m (CHF 703.2m) raised. This exceeds the fund’s original target size.
It is the group’s sixth dedicated European small buyout fund, focusing on specialised European private equity managers.
These primary fund commitments are complemented by co-investments and secondary transactions.
‘The European private equity ecosystem for smaller deals remains highly fragmented,’ said principal Dominic Abt, who also believes that its companies have more conservative valuations.
In Abt’s view, these factors make the sector appealing despite subdued conditions in the broader private equity market.
The fund’s investor base features insurance companies, pension funds, sovereign wealth funds and endowments from Europe, the US and Asia Pacific.
LGT Capital Partners has committed over €21bn to European buyouts since 1998. Earlier this month, the alternatives specialist announced the launch of a hedge fund vehicle and that it had raised $7bn for its flagship secondaries fund. LGT Capital Partners is based in Pfäffikon, canton Schwyz.
