Golding Capital holds first close on €161m for co-investment fund

The asset manager is targeting €200m for the fund and raised commitments from primarily pension funds and insurance companies.

The fund-of-funds manager expects to hold a final close for the co-investment vehicle at the end of 2021. The fund has already invested in 10 companies, with 40% of the capital already deployed.

The fund will aim to achieve net IRR of 13-15%.

Based in Munich, Golding Capital Partners is an asset manager for private equity, private debt and infrastructure in Europe with more than €10bn in AUM. Earlier this year, it held a final close for its buyout fund-of-funds on €375m.

Investments
Golding Buyout Co-Investment 2020 will target European and North American companies with with conservative capital structures and proven business models in defensive sectors, such as healthcare and technology.

The GP added that diversification was at the core of the investment strategy and that ESG criteria were an important aspect of the portfolio construction for the new fund. 

The fund has already invested in 10 companies, the majority of which were executed alongside fund managers with whom Golding has an existing relationship. Golding will use the fund to invest in over 20 companies and expects it to be fully deployed by 2022.

People
Golding Capital Partners - Daniel Boege (partner); Dr. Matthias Reicherter (managing partner, chief investment officer).

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• Topics
• Funds
• DACH
• Buyout
• Golding Capital Partners
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• Co-investments