LGT Capital Partners (LGT CP) held a final close for Crown Growth Opportunities IV (CGR IV), the firm’s fourth global venture capital fund.
The fund partners with venture capital firms through funds, secondaries and co-investments. With more than $930 million subscribed, CGR IV surpassed its original target size of $750 million. Its investor base includes pension funds, endowments, foundations, insurance companies and family offices globally.
CGR IV provides investors with global venture and growth stage exposure through established and emerging managers. The fund invests through primary funds but will also use secondaries and co-investments to add exposure to competitive underlying companies throughout the United States, Europe and Asia.
“Despite the more challenging exit environment, we have continued to experience attractive realizations and distributions in our portfolio,” said Olivier Meline, a partner at LGT CP. “We also have more than 85 percent d
