LGT Capital Partners has raised US$550 million at the final close of its first impact-focused private equity investment fund, Crown Impact, surpassing its initial target size of US$350 million due to strong investor demand.

Crown Impact invests in highly impactful companies across three core impact themes: climate action, inclusive growth and healthcare. The fund focuses on co-investments alongside leading conventional and impact managers, complementing the portfolio with impact primary and secondary fund investments.

In addition to rigorous due diligence, the company says, the fund employs in-depth impact assessment of opportunities, including their alignment with the United Nations’ Sustainable Development Goals as well as underlying targets and indicators. The fund’s diversified investor base includes pension funds, insurance companies, endowments and family offices across Europe, Latin America, Asia and Australia.

“The capital raised will support LGT Capital Partners’ continued and growing contributions to solving global challenges through the programme’s clear focus on key impact areas while also achieving attractive financial returns,” says Ivan Vercoutère, a managing partner at LGT Capital Partners.

Since 2010, LGT Capital Partners has invested over US$1 billion in impact opportunities. Crown Impact leverages the investment expertise of over 250 investment professionals across Europe, the United States and Asia, as well as over 600 private equity manager relationships worldwide.

Crown Impact is an Article 9 fund under the Sustainable Finance Disclosure Regulation.