LGT Capital Partners Co-Leads $500 Million Continuation Funds with IDG Capital
Deal News | Aug 12, 2025 | Goodwin
Goodwin's Asia Private Investment Funds and Secondaries team successfully advised LGT Capital Partners, a prominent player in alternative investments, as co-lead investor in a $500 million investment into multi-asset continuation vehicles managed by IDG Capital. This strategic investment spans 13 diversified assets from both onshore and offshore selling vehicles, facilitating liquidity for sellers while promoting sustained value creation. LGT Capital Partners, with over $100 billion in assets under management, boasts an extensive history in the secondaries market, having executed over 450 transactions. IDG Capital is a pioneering private equity investment firm renowned in China's venture capital landscape since 1993. Goodwin's legal team was led by partner Gregory Barclay and included notable contributions from counsel Dominic Wong and associates Andrew Mon and Jenny Zhi.
Sectors
- Private Equity
- Investment Management
Geography
- China – IDG Capital is a pioneering venture capital firm within China, making it a significant geography for this transaction.
- Global – LGT Capital Partners operates on a global scale, managing assets worldwide, thus making the geography of the transaction global.
Industry
- Private Equity – The article discusses a continuation fund deal involving LGT Capital Partners and IDG Capital, which are both prominent figures in the private equity space.
- Investment Management – The continuation fund and secondaries market investment falls under the realm of investment management, focusing on managing client funds and assets.
Financials
- $500 million – The total amount of the investment in the multi-asset continuation vehicles managed by IDG Capital.
- $100 billion – The total assets under management by LGT Capital Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LGT Capital Partners | Co-Lead Investor | Company | A global specialist in alternative investing with over $100 billion in assets under management, involved in the secondaries market for over 20 years. |
| IDG Capital | Manager of Continuation Vehicles | Company | A world-leading private equity investment institution pioneering venture capital in China since 1993. |
| Goodwin | Legal Advisor | Company | The law firm advising LGT Capital Partners on their investment in the continuation vehicles. |