Friday
August 30
2019

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.

Photo courtesy of fsecart.

Source: VCCircle (link opens in a new window)

Categories
Investing
Tags
emerging markets, impact investing, venture capital