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Business trends

LGT Capital closes fourth Asia-focused PE fund at $1 billion

The entity attracted commitments from more than 50 institutions

  © Reuters

CEBU, Philippines -- Swiss alternative investment firm LGT Capital Partners announced that it has raised $1 billion for its fourth private equity fund that will invest in the Asia-Pacific region.

Crown Asia-Pacific Private Equity IV closed at the hard cap of $1 billion, well above the $586 million that the firm raised for its third fund in 2014, adding to the over $60 billion that LGT Capital manages.

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