LGT Capital Partners, the Switzerland-headquartered investment firm, has announced it has opened a new office in Beijing that will serve as the hub for the bank’s private equity investment activities in mainland China.

“We have been investing in mainland China for almost 10 years, and the new Beijing office reflects this market’s growing importance for LGT Capital Partners. We see China as a key investment destination and a place to cultivate and service Chinese institutional clients,” Ivan Vercoutere, a managing partner at LGT Capital Partners, said.

The Beijing office will be headed by Frankie Fang, LGT's Chinese representative since 2007.

LGT said it would initially focus on sourcing and monitoring private equity investments, including primary fund commitments, secondary transactions and co-investment deals.