A Swiss investment house focusing on clients such as family offices and other institutions has held the final closing on its co-investment vehicle.

LGT Capital Partners, the Swiss firm which last June completed its merger with LGT Capital Management, has held the final closing of its Crown Co-investment Opportunities structure, its first dedicated co-investment fund.

Total subscriptions stood at $432 million on closing. The programme’s investor base consists of 20 institutions, including pension funds, endowments and family offices in Europe, the US and the Middle East, the firm said in a statement yesterday.

“Institutional investors have shown an increasing interest in co-investments over the last few years, and with CCO, they achieve exposure to a differentiated strategy. The fund focuses on small and middle market buyouts, investing alongside high quality fund managers in the LGT Capital Partners network,” Tycho Sneyers, managing partner at LGT Capital Partners, said.

LGT Capital Partners has $50 billion in assets under management and more than 400 institutional clients in 33 countries. Headquartered in Pfaeffikon, Switzerland, the firm has offices in New York, Dublin, London, Rotterdam, Frankfurt, Vaduz, Dubai, Beijing, Hong Kong and Tokyo.