Invesco is further expanding its presence in private markets by partnering with LGT Capital Partners to develop multi-alternative solutions for US wealth and retirement channels.
The partnership combines LGT Capital Partners’ $120bn (£89.9bn) in multi-alternatives and its network of over 800 general partners with Invesco’s $2tn in assets. The collaboration will cover private equity, secondaries, private credit and infrastructure, the firm said.
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“We believe private markets exposure can provide differentiated sources of income and growth,” said Andrew Schlossberg, chief executive of Invesco. “Together with LGT Capital Partners, we plan to bring more innovative solutions in asset classes traditionally reserved for institutional allocators to a broader set of US wealth and retirement investors.”
Invesco manages around $190bn in global private markets and alternatives, spanning real estate and private credit. LGT’s investment programmes focus on private markets, multi-alternatives as well as sustainable and impact strategies.
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“The alliance marks a significant step in strengthening our presence in the US market, expanding our wealth management capabilities and exploring opportunities in the retirement space,” said Roberto Paganoni, chief executive of LGT Capital Partners. “Invesco shares our commitment to clients and long-term investment performance, and together we aim to leverage our complementary strengths to deliver innovative solutions for investors.”
The move comes as Invesco continues to strengthen its focus on private markets in Germany, Austria and Switzerland, having appointed Hermann Pfeifer as head of distribution for the region last month.
