Golding launches 2018 buyout strategy

Oscar Geen
27 June 2018

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Golding Capital Partners has begun pre-marketing for its flagship fund-of-funds Golding Buyout 2018.

Golding is targeting €400m for the new fund and expects to hold a first close by the end of 2018, Unquote understands.

The vehicle was registered in Luxembourg at the end of May as Golding Buyout 2018 SCS SICAV-FIAR.

Its predecessor, Golding Buyout 2015, held a final close on €364m in December 2017 and has built a portfolio including Livingbridge 6, Palatine Private Equity Fund II and Dunedin Buyout Fund II, according to Unquote Data.

The latest fund will stick to the same strategy of investing in mid-market buyout funds in Europe and North America. It will have a slightly stronger bias towards North America than previous vehicles, targeting a split of about 60-40 in favour of Europe.

Investors
Golding's LP base is mostly comprised of German investors, including pension funds, insurance companies and banks.

Investments
The fund will have an average commitment size of €20m and will target mid-market funds, mostly in the sub-€1bn size bracket. It expects to back 15-25 GPs in the US and Europe, and will also have a small allocation for secondaries and co-investments.

People
Golding Capital Partners – Jeremy Golding (CEO).