Golding Capital Partners: First Closing Of €360 Million Fund Completed
Golding Capital Partners, a prestigious name among Europe’s top independent asset managers for alternative investments, proudly announced the initial closing of its renowned infrastructure fund of funds, Golding Infrastructure 2022, in December 2023. Demonstrating strong investor confidence, this initiative successfully secured €360 million in capital commitments amidst challenging market conditions.
Remarkably, new investors contributed to 26% of the aggregate commitments. The fund has been proactive in portfolio construction, making five investments in 2023 and deploying about 14% of the allocated capital.
Striving for extensive geographic and sector diversification, Golding Infrastructure 2022 aims to comprise approximately 15 selected funds from primary and secondary markets, resulting in 150 to 250 individual transactions, which include around 15 co-investments. This strategy is focused on nurturing resilient investments within the infrastructure sectors of Europe and North America, promising attractive risk-adjusted returns.
Building on a decade of triumphant infrastructure fund-of-funds investing, Golding’s history of notable achievements is set to continue. Notably, its predecessor, Golding Infrastructure 2020, concluded its final closing in September 2022 with €943 million in commitments, marking a record fundraising milestone for Golding Capital Partners and affirming its prominence in the infrastructure market.
The Golding Infrastructure 2022, dedicated exclusively to institutional investors, enforces a minimum commitment of €5 million and anticipates a lifecycle of 15 years, with an option for extension. Targeting a net internal rate of return (IRR) of 8% to 9% per annum, it aims for a final volume of €700 million.
Key Quotes:
Dr. Thilo Tecklenburg, Partner and Co-Head Infrastructure at Golding, highlights, “Secondaries and co-investments have shown to enhance the financial performance of our diversified infrastructure fund of funds in the past years. The current record deal flows for both, paired with our solid pipeline, present promising prospects for Golding Infrastructure 2022.”
“Given today’s market dynamics, we anticipate encountering numerous exceptional investment opportunities within the infrastructure sector in 2024,” states Bernd Schumacher, Managing Director and Co-Head Infrastructure. He further adds, “The vibrant transaction activity enables selective investment, improving the outlook for investors significantly.”
The resilience of infrastructure assets, amid evolving market scenarios, underscores their vital role in the diverse portfolio strategies of banks, pension funds, and insurers. Golding’s strategic adaptations and enduring investor faith demonstrate its agility and the ongoing success of its established investment framework.
