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LGT to acquire India-focused impact investment fund Aspada

Private banking and asset management group LGT will acquire Aspada's management organization and a substantial majority position of its portfolio from Soros Economic Development Fund.

The partnership aims to expand LGT's impact investing platform, Lightstone.

Following the integration of Aspada into the LGT Lightstone platform, the future investment efforts in India will be branded under the name LGT Lightstone Aspada.