Golding Private Debt VIII holds €413m final close

The vehicle had already made 13 investments and drawn down nearly 30% of its capital commitments when the final close was announced, said Oliver Huber, head of private debt at GCP.

GCP's Private Debt VIII is structured as a SICAV entity.

Investors
The fund raised investment from 40 institutional investors from Germany and abroad, including insurance companies, pension funds, foundations and banks. According to GCP, 35% of commitments were from first-time investors.

Investments
GCP's eighth fund will invest in senior debt and mezzanine funds that provide backing for mid-market acquisitions and growth financing deals in Europe and the US.

GCP said up to 40% of fund volume can be invested in other credit strategies such as credit opportunities and distressed debt funds. The aim is to build a broadly diversified portfolio of around 15 private debt funds with a wide range of investments and return expectations of 8%.

People
GCP – Jeremy Golding (founder, managing director); Hubertus Theile-Ochel (managing director); Oliver Huber (head of private debt).

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