LGT Capital, a Switzerland-based alternative asset manager, has launched its first office in China in Beijing, reported Asian Investor.

The Swiss group has selected Frankie Fang, who has been serving as LGT Capital’s China representative since 2007, as head of its newly launches office.

According to the publication, LGT will examine potential private equity deals in primary, secondary and co-investment opportunities on the mainland.

LGT Capital will build a team of permanent Beijing based in the coming 12-18 months, with the Hon Kong office remaining as its Asia headquarters.