Invesco and LGT Capital Partners have entered a strategic partnership that will create multi‑alternative private‑markets solutions for U.S. wealth and retirement investors. The collaboration leverages LGT’s deep expertise in private equity, credit, and infrastructure and its network of more than 800 general partners, while giving Invesco access to a broader range of private‑market assets that have traditionally been limited to institutional allocators.
Invesco’s alternative‑assets platform already includes real estate, CLOs, and private credit and manages more than $190 billion in global private‑markets and alternatives assets, with over $1 trillion of that AUM dedicated to U.S. wealth clients. The partnership is intended to broaden that offering, launch new investment vehicles, and provide fee‑adjusted returns that are expected to be higher than those of traditional active equity products.
LGT Capital Partners manages more than $120 billion in assets as of September 30 2025 and has a long‑standing track record of sourcing high‑quality private‑market opportunities. The firm’s seed‑capital commitment to the partnership will support the development of new products and give Invesco a foothold in private‑market segments that are experiencing rapid growth among U.S. investors seeking diversification, income, and growth.
Invesco’s recent earnings reinforce the strategic fit of the partnership. In Q3 2025 the firm reported diluted earnings per share of $0.66 and adjusted EPS of $0.61, operating revenues of $1.64 billion, and an ending AUM of $2.1 trillion. Those results, driven by strong demand for alternative strategies, give the company the financial flexibility to invest in new private‑market offerings and support its broader shift from legacy active equity to higher‑margin alternative and passive products.
Andrew Schlossberg, Invesco’s CEO, said the alliance “advances our strategy to offer clients a curated experience through partnerships with complementary firms that share our client‑first ethos.” Roberto Paganoni, LGT Capital Partners’ CEO, added that the partnership “strengthens our presence in the U.S. market, expands our wealth‑management capabilities, and opens new opportunities in the retirement space.”
The partnership aligns with a broader industry trend in which U.S. wealth and retirement investors are increasingly allocating to private markets for diversification, income, and growth. By combining Invesco’s distribution network and client base with LGT’s private‑market expertise and global GP network, the two firms aim to deliver higher fee‑adjusted returns, deepen client relationships, and accelerate revenue diversification in a market that is expected to grow as institutional demand continues to rise.
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