The Swiss hedge fund manager LGT Capital Partners has recently closed several private equity funds of funds and single-investor accounts, with total commitments of $4.1 billion, during a period of slow fundraising.

In addition, the Pfaeffikon-headquartered firm has been awarded a number of single-investor accounts.

Partner Tycho Sneyers said: "Our ability to raise substantial capital in such a difficult environment shows that institutional investors are ready and able to commit capital to the right programmes at the right time. Our focus on providing differentiated programmes, as well as customised solutions for clients, has clearly met the needs of institutional investors in Asia, Australia, Europe, the Middle East and North America."

LGT Capital Partners has $19 billion in hedge fund and private equity investments globally.