Golding closes buyout co-investment fund on EUR 273m

Golding Buyout Co-Investment 2020, which exceeded its target of EUR 200m, will invest in more than 20 individual companies, according to a statement from the firm. 

The fund is already significantly deployed, having completed 18 transactions in the mid-cap space in Europe and North America within "defensive" sectors including technology, software and healthcare sectors. 

The GP said that portfolio construction will be finished in the first half of 2023 and further transactions are in preparation. 

The fund held a first close in June 2021 on EUR 161m, at which point it was 40% deployed. It is aiming for a net IRR of 16%-18% per annum and its successor will start fundraising in 2023. 

Golding established its co-investment strategy in 2015, recently closing a co-investment fund for its infrastructure arm on EUR 578m and is currently fundraising for a co-investment private debt fund.

The GP held a EUR 155m first close for its latest buyout fund-of-funds in August, against a EUR 400m target. 

Investors
Golding said that that fund is backed by its traditional clients including German pension funds, savings banks and insurance companies. It also received new commitments from international clients, particularly family offices.

The fund will be making distributions to LPs as early as this year thanks to some partial exits, Daniel Boege, head of buyout at Golding, said in a statement.

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• Topics
• Buyout
• Fund-of-funds
• DACH
• GPs
• LPs
• Golding Capital Partners