LGT Capital Partners (LGT CP), an asset manager owned by the Princely House of Liechtenstein, has launched its first fund in the Australian market, the LGT Multi-Alternatives Australia Fund.
LGT CP, which manages more than US$75 billion (A$99 billion) * in funds under management and operates from 12 offices around the globe, has appointed Equity Trustees (ASX:EQT) as the local responsible entity for the new fund.
The LGT Multi-Alternatives Australia Fund launches into a growth area in the Australian and New Zealand markets, with wholesale and institutional investors increasingly including alternatives as part of their portfolios. The fund invests predominantly in private markets, such as private equity, real estate, infrastructure and private debt as well as liquid alternatives including insurance-linked strategies, hedge funds and alternative risk premia.
Russell Beasley, Executive General Manager, Corporate Trustee Services, Equity Trustees said Equity Trustees was pleased to have added LGT CP to its growing list of global clients.
“We are delighted to be supporting a global asset manager of such scale with the launch of their first fund in the Australian market,” he said.
“We have grown to become the market leading responsible entity provider in Australia, offering the right support, expertise and capability for new entrants like LGT CP,” Mr Beasley said.
Nathan Pensabene, Principal and Head of LGT CP’s Australian subsidiary said: “We have been very pleased with the interest regarding the launch of our first dedicated fund for Australian and New Zealand investors. Throughout both the due diligence and on-boarding processes we were impressed with the experience and local market knowledge offered by the team at Equity Trustees.”
“We are looking forward to working with Equity Trustees to make this innovative fund available to institutional and wholesale investors in the Australian market. The fund will invest alongside our founders, employees and other investors, building on our more than twenty years of investment experience in alternative strategies.”
*As at 31 March 2021
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Equity Trustees is the brand name of EQT Holdings Limited (ABN 22 607 797 615) and its subsidiary companies, publicly listed company on the Australian Securities Exchange (ASX: EQT) with offices in Melbourne, Bendigo, Sydney, Brisbane, Perth, London and Dublin. Equity Trustees (UK & Europe) Ltd (Company number 10145592) is a subsidiary of EQT Holdings Limited.
Equity Trustees was established in 1888 for the purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth. As Australia’s leading specialist trustee company, we offer a diverse range of services to individuals, families and corporate clients including asset management, estate planning, philanthropic services and Responsible Entity (RE) services for external Fund Managers.