LGT Capital Partners is pleased to announce that it has opened a new office in Beijing, which will initially serve as a hub for the firm's private equity investment activities in mainland China.
The firm marked the occasion on 26 March 2013 with an opening ceremony in Beijing, which was attended by more than 100 industry participants including government officials, regulators, institutional investors, representatives from the private equity community and their business partners.
Ivan Vercoutere, a managing partner at LGT Capital Partners, comments: "We have been investing in mainland China for almost 10 years, and the new Beijing office reflects this market’s growing importance for LGT Capital Partners. We see China as a key investment destination and, ultimately, as a place to cultivate and service Chinese institutional clients."
The team at LGT Capital Partners' new Beijing office, headed by Frankie Fang, will initially focus on sourcing, performing due diligence on and monitoring private equity investments, including primary fund commitments, secondary transactions and co-investment deals. As such, the new office will enhance the firm’s investment reach in mainland China.