Golding Capital Partners has announced the successful final closing of its latest fund, the “Golding Buyout Co-Investment 2023,” which has reached its hard cap of €400 million. This achievement comes despite a challenging fundraising environment and marks a significant increase over the previous fund, which had a volume of €273 million.

The fund has attracted investors from nine European countries, with a notable concentration from Germany and Switzerland. Approximately 40% of the total capital committed comes from new investors, indicating a broad and diverse investor base that includes insurance companies, pension funds, cooperatives, family offices, asset managers, savings banks, and foundations.

Investment Strategy and Focus

The “Golding Buyout Co-Investment 2023” fund is designed to invest alongside established private equity managers in small to medium-sized enterprises (SMEs). The geographical focus of the fund is primarily Europe, with selective investments in North America. The strategy targets established and resilient sectors, particularly in B2B services, healthcare, specialty manufacturing, and technology.

Sponsors

Golding Capital Partners has built a robust transaction pipeline since 2000, leveraging strong relationships with leading private equity managers. This reputation as a reliable co-investment partner has enabled the firm to access attractive co-investment opportunities consistently since 2015.

Portfolio Composition and Growth Potential

At the time of the final closing, the fund’s portfolio already included ten companies. Among these are a specialist in mobility and parking management, a leading provider of alarm systems and security solutions, and a company offering testing, inspection, certification, and compliance services. Additionally, two further investments are currently undergoing advanced due diligence.

The initial portfolio companies have already shown positive operational developments. Once the portfolio is fully established, the fund is expected to invest in approximately 30 companies, ensuring a wide diversification across various sectors and regions.

Comments from Leadership

Vaishnavi Katamreddy, Head of Buyout at Golding, commented on the successful fundraising, stating, “Despite a challenging fundraising environment, we have successfully placed the fund up to the hard cap. This reflects both the successful track record of our strategy and the high quality of the portfolio we have built so far. With a deal flow of over 150 co-investment opportunities per year, we can be very selective. We thoroughly evaluate 30 to 40 transactions and typically make 5 to 8 investments annually. This disciplined selection process has paid off, as evidenced by our current portfolio of ten companies with attractive growth prospects that benefit from long-term trends such as digitalisation, increasing compliance requirements, and outsourcing trends.”

Hubertus Theile-Ochel, Managing Director at Golding, added, “The high proportion of new investors is a strong signal of trust for us. Institutional investors today are primarily looking for reliability, access to attractive opportunities, and a partner who can consistently select in challenging market phases. This is the foundation of our co-investment approach, resulting in an attractive portfolio of companies that benefit from long-term growth trends. The trust of our investors encourages us to continue on this path.”

About Golding Capital Partners

Golding Capital Partners GmbH is one of Europe’s leading independent asset managers focused on alternative investments, with a concentration on infrastructure, private credit, private equity, and secondaries. The firm employs over 200 staff across its offices in Munich, Luxembourg, Tokyo, and Zurich, managing approximately €17 billion in assets. Its investor base includes more than 250 institutional and professional investors, such as pension funds, insurance companies, foundations, family offices, religious institutions, banks, savings banks, and cooperative banks.

Since 2013, Golding has been a signatory of the United Nations Principles for Responsible Investment (UN PRI) and has supported the Task Force on Climate-related Financial Disclosures (TCFD) since 2021, underlining its commitment to sustainable investment practices.