LGT Capital Partners launches semi-liquid private credit vehicle

LGT Capital Partners has launched a semi-liquid, open-ended private credit vehicle to make it easier for investors to access the asset class.

The private credit fund invests in a combination of yield-oriented and opportunistic credit, through both corporate and asset-backed strategies. Deals can be sourced from the firm’s wider platform.

The alternative asset manager has also launched a semi-liquid, open-ended private equity vehicle, which invests through diversified portfolios of secondaries and co-investments.

Read more: Private credit “tidal wave” of defaults never materialised

LGT Capital Partners said that the structures provide institutional investors and wealth management clients with easier access to private markets strategies and offer regular liquidity.

“We are pleased to be able to offer our private markets platform to a wider range of clients through open-ended fund structures,” said Sascha Gruber, partner at LGT Capital Partners.

Read more: Ares closes largest direct lending fund to date at $34bn

“They provide increased flexibility with efficient fee structures and address some of the key challenges of investing in these asset classes. We see growing demand for private markets globally and have launched these funds to improve the accessibility of these asset classes to potential investors.”

LGT Capital Partners manages over $70bn (£55.2bn) in private markets assets. Its principal investment portfolio is the LGT Endowment, an evergreen fund launched in 1998.

Read more: Private debt returned 9.2pc over last 12 months