The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

LGT Capital Partners
LGT Capital Partners, a global specialist in alternative investing, has launched a semi-liquid infrastructure vehicle, expanding its existing suite of open-ended offerings in private equity, private credit, hedge funds and multi-alternatives.

The strategy builds on the firm’s 26-year track record of managing evergreen portfolios through the LGT Endowment, the firm’s principal investment portfolio launched in 1998, the firm said.

The evergreen vehicle, which provides access to the full scale of the firm’s infrastructure deal flow, capitalises on mega-trends in infrastructure globally. It focuses on value-add investments and builds exposure through secondaries and co-investments, providing diversification and fee-efficiency. The portfolio will comprise more than $280 million in net asset value across over 100 infrastructure assets, with a strong alignment of interest through a significant day-one commitment from the LGT Endowment.

The strategy, which addresses the needs of professional investors, is expected to be invested across Europe and North America, complemented with exposure to the rest of the world. It features regular liquidity, reinvestment of distributions and a shorter duration profile compared with traditional infrastructure fund structures.

“The launch of this strategy reflects the increasing long-term demand for infrastructure, supported by structural trends such as digitisation and energy transition,” Brent Snow, principal at LGT Partners, said. “By drawing on the firm’s data, network and investment experience we intend to deploy capital efficiently to build a diversified portfolio of infrastructure assets.”

LGT Capital Partners manages over $80 billion in private markets assets, with a dedicated global private markets team of over 400 professionals leveraging the firm’s scale and global reach to execute on over 2,400 investments to-date.

The "evergreen" term is becoming more widely used in the wealth management space, sometimes also referred to as "perpetual." It often describes private equity funds, for example, that don't come with pre-determined exit points, capital calls and other traditional features.