LGT Acquires Impact Investor Aspada From Soros Fund
By Joseph Rai
Swiss investor LGT has acquired Aspada, an India-focused impact investment fund, to expand its impact investing platform LGT Lightstone.
LGT said in a statement it has acquired the management organisation of Aspada and a significant majority position of its portfolio from Aspada’s sole shareholder, Soros Economic Development Fund (SEDF).
Following the acquisition, LGT’s future investments in India will be branded under the name LGT Lightstone Aspada.
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