Golding Capital Partners has has held first close of its co-investment fund, Golding Buyout Co-Investment 2020, with capital commitments of EUR161 million.

The asset manager for alternative investments has thus been able to place three quarters of the target volume of EUR200 million with investors – primarily pension funds and insurance companies – within just a few months. With its first dedicated buyout co-investment fund Golding is seamlessly following on from the fund-raising success of previous buyout products. At the beginning of the year “Golding Buyout 2018” held its final close with a record volume of EUR375 million.

Golding Buyout Co-Investment 2020 continues to pursue the investment strategy launched back in 2015, with a focus on companies with proven business models in defensive sectors, such as health and technology, with conservative capital structures in Europe and North America. Despite this defensive orientation, the fund aspires to a net target IRR of 13-15 per cent. The final closing is scheduled for the end of 2021.

“In spite of the general yield compression, we believe that we can still identify attractive investments for our investors. We are constructing a hand-picked portfolio of companies with sustainable growth – both organic and through buy-and-build strategies. One of our earlier investments has accelerated their growth strategy with our investment and is already involved in advanced discussions regarding a possible IPO, thus providing early proof of the attractiveness of our investment strategy,” says Daniel Boege, Partner and Head of Buyout at Golding.

Read more/Source: Private Equity Wire