LGT Capital Opens Evergreen Private Debt Fund Chasing 10% Return

LGT Capital Partners, the alternative investment firm owned by the royal family of Liechtenstein, is launching a fund investing in private credit to target consistent returns of as much as 10%.

The $80 billion firm’s principal investment portfolio has seeded the new fund, named LGT Global Private Credit, with roughly $750 million of assets across 42 underlying investments including corporate and asset-backed credit, according to fundraising material seen by Bloomberg News.

The $1.4 trillion universe of private credit has become an attractive place for investors to park their cash, as the high yields and floating-rate structures help to shield ...