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LGT Capital Partners achieved secondary private equity transaction volume of USD 2.6 billion in the first half of 2024
LGT Capital Partners can look back on a successful first half of 2024 in the secondary private equity market. The firm achieved a transaction volume of USD 2.6 billion, completed 22 transactions and acquired 1,341 underlying companies.
Market dynamics continued to support the large and growing secondaries market. While distributions have picked up after a muted exit environment in 2023, investors and managers continue to seek alternative exit routes for funds and assets.
The largest secondary private equity deals led by LGT Capital Partners include:
- Fiction III, an LP portfolio of North American mid-market buyout funds
- Caelus, an LP portfolio of North American and European buyout funds
- Pasadena II, an LP portfolio of North American small/mid-market buyout funds
- Bloom, an LP portfolio of European buyout and growth funds
- Sharpie V, an LP interest of North American mid-market buyout
- Borealis, a continuation vehicle in European mid-market buyout assets
- Cheetah, a continuation vehicle for global growth assets
North America accounted for 53% of the total secondary private equity investment volume, Europe for 29% and Asia-Pacific for 17% in the first half of 2024. Of the transactions completed during this period, 71% were LP-led and 29% were GP-led.
