award

Why LGT Capital Partners stood out last year

Jun 6, 2016

LGT Capital Partners, a long-established player in private markets in Asia, added to its impressive client list last year, drawing high praise from new and existing customers alike.

Why LGT Capital Partners stood out last year

Last week AsianInvestor unveiled five awards at a celebratory dinner for winners of all this year's prizes, which were announced online in late April. We will feature a detailed write-up on all our award winners in the forthcoming June edition of AsianInvestor magazine.

Last week we outlined why those five marquee winners scooped their prizes. We have already featured Invesco, for its Asset Manager of the Year and Best Business Development awards; UOB Asset Management as Asian Fund House of the Year; and HSBC Securities Services as Asset Service Provider of the Year.

We will now set out why the remaining six marquee winners received their awards.

Alternatives manager of the year
LGT Capital Partners
Demand for private market exposure has risen swiftly in Asia in recent years, as investors have looked to illiquid assets to boost returns. Liechtenstein-based LGT Capital Partners, with a distinguished 17-year track record in the region, was perfectly placed to benefit.

The firm – part of family-owned asset management and private banking group LGT – already boasted an impressive client list including Southeast Asian sovereign wealth funds and state pensions from across the region. Last year it added regional several insurers and pension funds, and one of Asia’s biggest family offices, among others. Moreover, existing LPs returned for repeat mandates.

LGT CP’s success is founded on a number of factors. Its Asian investments have generated an internal rate of return of 12.2% as against 1% for its benchmark, the MSCI Asia-Pacific Index. Moreover, the firm’s flagship Asian private equity fund, Crown Asia-Pacific Private Equity III, delivered strong early returns for a 2014 vintage fund, with an IRR of 47.7% compared to 9% for the benchmark.

Also singled out for high praise by clients were the stability of LGT CP’s investment team and its manager selection and research capabilities. So too were the timeliness, responsiveness and detail of its reporting, and the training the firm provides.