The fund, holding a mix of established and emerging managers, mainly holds primary funds but it also uses secondary investments and co-investments to add exposure where necessary.

Switzerland-based LGT Capital Partners has announced the final close of Crown Growth Opportunities IV, its fourth global venture capital fund. The firm pulled in more than $930 million of subscriptions, beating its original $750 million target.

The fund invests in a mix of established and emerging managers. It holds mostly primary funds but will also use secondaries and co-investments to add exposure to competitive underlying companies throughout the US, Europe and Asia, LGT Capital Partners said in a statement. 

“Despite the more challenging exit environment, we have continued to experience attractive realisations and distributions in our portfolio,” Olivier Meline, a partner at LGT CP, said. “We also have more than 85 per cent dry powder available to invest in 2023 and future vintages, providing us with a competitive advantage in capturing new and exciting growth opportunities as they arise.”

LGT Capital Partners has more than $95 billion in assets under management and more than 650 institutional clients in 44 countries. It is based in Pfaeffikon, Switzerland, and has offices around the world.