LGT Capital Partners, the investment house, has acquired Clerestory Capital Advisors, a New York-based firm providing investors with global access to real estate via funds, co-investments and secondary investments.

CCA launched its first fund of funds - focusing on small, opportunistic real estate funds on a global basis - in 2007, when it was established by Joanne Douvas and Tommy Brown.  

"We are convinced that this acquisition will bring benefits to clients of both organizations. Acquiring CCA will enhance our investment expertise in the real estate market and enable us to broaden and strengthen our multi-alternatives investment firm," Roberto Paganoni, chief executive officer of LGT Capital Partners, said in a statement.

LGT Capital Partners has offices in London, Beijing, Switzerland, Ireland, and the US.

LGT, the Liechtenstein-based private banking group, has combined its asset management activities under the brand of LGT Capital Partners.