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LGT Capital Partners closes Crown European Private Equity on €609m26/01/2007. Source: AltAssets. 
 Swiss-based alternative investment manager LGT Capital Partners has closed its latest fund of funds, Crown European Private Equity, on €609m. The new fund focuses on investments in European mid-market buy-out funds.
Investors include national and local government pension funds, corporate pension funds, insurance companies and foundations from Northern Europe, the UK, Switzerland, France, North America and the Asia-Pacific region.
Crown European Private Equity has already made commitments in excess of €300m to over ten private equity funds.
Tycho Sneyers, partner at LGT Capital Partners, said, 'With this fund we have achieved an important geographical expansion of our investor base as the level of interest from Asian and Australian investors was significant. At the same time, many of our most important European investors also committed to this fund.
'We attribute this interest to LGT Capital Partners' leading position and strong reputation in the private equity market. Securing meaningful access to many of the best European private equity funds is becoming increasingly difficult. With one of the largest and most experienced teams in Europe, our firm is very well positioned to continue to construct portfolios with some of the best opportunities in the European private equity fund universe,' Sneyers continued.
LGT Capital Partners currently manages approximately $11bn in hedge fund and private equity investments on a global basis.
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