LGT Capital Partners announced the final close of its second dedicated secondaries fund, CSSO II, exceeding its target and raising substantial capital. The fund, which closed before September 4, 2024, focuses on direct secondary transactions, including providing liquidity and follow-on capital directly to companies and pursuing GP-led deals. Andreas Hellmann, Partner at LGT Capital Partners, noted the significant growth in interest in direct secondary transactions and the fund’s strong investor demand. The broad strategy allows the fund to leverage LGT’s global platform to identify attractive opportunities in high-quality companies.
Managing Partner Ivan Vercoutère highlighted the firm’s ability to provide innovative liquidity solutions to private equity funds and managers with this larger capital pool and increasing deal flow. LGT Capital Partners’ established track record and experience in flexible liquidity solutions for general partners positions them as valuable partners in these transactions. The successful fundraising for CSSO II demonstrates LGT Capital Partners’ continued commitment to the secondaries market and its ability to capitalize on the growing demand for GP-led solutions.
