LGT Private Debt
LGT Private Debt is the direct-lending arm of LGT Capital Partners, operating through its UK-domiciled AIFM entity LGT Private Debt (UK) Ltd (FCA FRN 611379). The division originated from European Capital Fund Management, acquired by LGT Capital Partners from Ares Capital / American Capital in May 2017, and has operated as LGT Private Debt since July 2019. The team, comprising 46 investment professionals, has invested over EUR 6.5 billion across 135+ mid-market European debt transactions since 2005 and arranged Europe's first unitranche transaction in 2007. LGT Private Debt manages the Crown European Private Debt fund series: CEPD I (EUR 473 million, 2016), CEPD II (EUR 1.35 billion, 2017), and CEPD III (EUR 1.2 billion, 2021). The firm targets sponsor-backed mid-market companies with enterprise values of EUR 100-500 million, primarily providing senior secured unitranche and first-lien debt.
Key facts
Recent exits
Coverage notes
3 funds tracked, 19 portfolio companies (15 active · 4 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
19 companiesFunds & portfolio
Every fund LGT Private Debt has raised, with its portfolio companies. Hand-checked from public filings.
Crown European Private Debt IIIPrivate Debt2021 · 5yr€1.2B7 active
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Healthcare |  France | 2024 | |
| Software |  UK | 2025 | |
| Healthcare |  Italy | 2024 | |
| Healthcare |  Spain | 2024 | |
| Healthcare | France | 2022 | |
| ClimateTech | France | 2021 | |
| Healthcare |  Netherlands | 2022 |
Crown European Private Debt IIPrivate Debt2017 · 9yr€1.4B5 active · 3 realized
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer | France | 2020 | |
| Construction | France | 2019 | |
| TMT |  Germany | 2020 | |
| TMT | France | 2018 | |
| Industrials | France | 2019 |
France· Entry 2020France· Entry 2019Germany· Entry 2020France· Entry 2018France· Entry 2019Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Hospitality | UK | 2020 | 2024 | Trade Sale | – | ||
| Pharma | Spain | 2019 | 2025 | Secondary | – | ||
| Consumer | UK | 2019 | 2021 | Trade Sale | – |
Crown European Private Debt IPrivate Debt2016 · 10yr€474M3 active · 1 realized
Unrealized
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About LGT Private Debt
LGT Private Debt is the European direct-lending platform of LGT Capital Partners with more than €6.4 billion invested across 130 plus arranged mid-market debt transactions over 19 years as of December 2024, headquartered in London. The team has operated in European private debt since 2005 (formerly the Crown / European Capital direct-lending franchise) and arranged Europe's first unitranche transaction in 2007. LGT Private Debt operates as a platform of LGT Capital Partners, ultimately owned by the Princely Family of Liechtenstein.
Investment thesis
LGT Private Debt deploys capital through approximately three plus flagship vehicles (Crown European Private Debt I-III, CEPD III closed at €1.2 billion in 2023, CEPD II at €1.35 billion) plus impact and solutions mandates, targeting direct lending to European sponsor-backed mid-market companies predominantly via senior secured first-lien plus unitranche, with Impact Private Credit and Private Credit Solutions sub-strategies. Sector deployment is sector-agnostic sponsor-led lending across defensive mid-market businesses, services, healthcare, industrials and consumer. Geographic deployment is pan-European focused on companies with enterprise values of €100-500 million.
Recent activity
As a direct-lending platform, the loan portfolio is self-liquidating via repayments rather than equity exits. Recent financings include new senior secured and unitranche financings to European mid-market sponsor-backed companies (2024-2025). The platform continues active deployment across the European mid-market direct-lending mandate. Detailed buyer names and multiple data available on Pro at €29/month.
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United Kingdom·€3.5BGet the full picture on LGT Private Debt.
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