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Switzerland's LGT Capital Partners Unveils New China Office
Stephen Little
15 July 2013
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.