Golding Capital Partners has raised €1.5bn for two of its infrastructure funds.
The manager said the Golding Infrastructure 2020 fund of funds closed at €943m, significantly above its target of €700m, adding that it has also raised €578m for the Golding Infrastructure Co-Investment 2020 vehicle.
Golding Capital said both funds were backed by new and existing investors.
Golding Infrastructure 2020 expects to build a broadly diversified portfolio of about 15 infrastructure funds from the primary and secondary markets, with a ”focus on conservative core/core-plus investments, brownfield projects and selected co-investments”, the manager said.
The fund, which targets a 7 to 8% net return per annum, will focus on the key infrastructure markets in Europe and North America. Golding Infrastructure Co-Investment 2020 targets a 9 to 10% per annum net return.
Eight subscriptions of primary funds, co-investments and secondary funds have already been made for the fund of funds, the manager said, adding that the portfolio of the co-investment fund now comprises nine infrastructure assets.
Hubertus Theile-Ochel, a managing partner at Golding Capital, said: “This record fundraising result for our infrastructure funds is a great validation for our entire infrastructure team, of course, whose long-term track record and market expertise have earned the well-deserved trust of both existing and new investors.”
Matthias Reicherter, managing partner and CIO at Golding Capital said: “In a more volatile and complex market environment, institutional investors particularly appreciate the characteristics of the asset class, as well as Golding’s relevant competence and proven access to attractive partners and assets”,
Thilo Tecklenburg, managing director and co-head of infrastructure at Golding Capital, said: “The well-thought-out, systematic structuring of attractive and solid portfolios for our investors has absolute priority for us. We are right on track with both funds in this respect and as always are focusing on broad diversification in terms of geography and sector, both for the fund of funds and for the co-investment fund.”
Bernd Schumacher, managing director and co-head of infrastructure at Golding Capital, said: ”We have a full pipeline of investments through to the end of the year and beyond. We rely on our network and our direct investment experience to find and analyse opportunities and select the most suitable investments for our portfolios.
”There are still plenty of attractive opportunities even in the current market; in telecoms, energy, transport or recycling, for instance.”
Golding said it is planning to launch the follow-up product to the flagship infrastructure fund of funds. The next co-investment vehicle is scheduled for spring 2023.
The manager said it is also starting its first dedicated investment strategy focused on the energy transition, which will also be structured as a fund of funds.
To read the latest edition of the latest IPE Real Assets magazine click here.