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LGT closes Crown European Buyout Opportunities II on €800m16/10/2007. Source: AltAssets. 
 Pfaeffikon, Switzerland-headquartered alternative investment manager LGT Capital Partners has closed its Crown European Buyout Opportunities II fund, its latest
private equity investment programme focusing on European small buy-out funds, on €800m.
The new fund has already made commitments in excess of €240m to ten private equity funds, the firm announced. The investor base of the fund includes pension funds, insurance companies and foundations from Europe, North America, the Middle East, Japan, South-East Asia and Australia.
LGT partner Tycho Sneyers said, 'The combination of the excellent track record of the predecessor fund and LGT Capital Partners' demonstrated ability to select and gain access to the most attractive opportunities in the small buy-out segment in Europe resulted in significantly more demand for the fund than we could accommodate.'
LGT currently manages over $15bn in hedge fund and private equity investments worldwide. The firm closed its previous fund, Crown Private Equity, on €392m in 2004.
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