Golding Capital Partners plans to launch further infrastructure funds this year, the asset manager said as it announced a €710m fundraise for its latest vehicle at final close.
The manager said its Golding Infrastructure 2018 fund – which targets funds as well as co-investments – was backed by nearly 70 investors, including banks, insurance companies and pension funds from German-speaking and other European countries.
”In addition to strong renewed demand from existing investors, of whom some 70% are returning, the investment strategy also convinced many new investors,” it said.
The fund provides investors access to a broadly diversified portfolio of infrastructure projects in Europe and North America, covering system-relevant sectors such as energy, telecommunications, utilities, transport and social infrastructure.
The focus of the portfolio will be on core and core-plus investments to generate current income, combined with promising value-added projects.
Matthias Reicherter, managing partner and CIO at Golding: “Our long-standing relationships and substantial commitment volumes make us an important partner in this highly competitive environment, also for fund managers experiencing strong demand.
“This enables us to generate significant added value for our investors. For the current programme, we have already committed to eight high calibre target funds.”
Hubertus Theile-Ochel, managing partner at Golding, said: ”We have maintained our conservative strategy and now have high-performing, income-generating portfolios.
“Against the backdrop of the challenging situation caused by the COVID-19 pandemic and the economic slowdown, that is something our investors greatly appreciate.”
Golding said it intends to launch further infrastructure programmes in the summer.
“In addition to a follow-on fund in the successful fund-of-funds strategy, the launch of the second infrastructure investment programme in the attractive co-investment segment is planned,” Golding added.
