LGT acquires Indian impact investor Aspada from Soros Economic Development

Photo: Reuters

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, Wednesday announced that it is acquiring India-focused impact investment fund Aspada from Soros Economic Development Fund (SEDF).

As part of the transaction, LGT will acquire the management organisation of Aspada and a significant majority position of its portfolio from Aspada’s sole shareholder SEDF, the firm said in a statement.

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