LGT to acquire Aspada from Soros Economic Development Fund.

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, agreed to acquire Aspada, a leading India-focused impact investment fund, from Soros Economic Development Fund, the social impact investment arm of Open Society Foundations. Financial terms were not disclosed. Kartik Srivatsa, Managing Partner of Aspada, said, “We see significant opportunity in scaling Aspada’s impact investing model, which brings together a thematic ecosystem development effort to help build large businesses that have outsized developmental impact. In LGT and Prince Max we have found an aligned and committed long-term partner not only for building out the next phase of Aspada’s evolution in India, but also for co-creating a distinctive global platform that can be the vanguard of impact investing.”