Fund of funds manager Golding Capital Partners has promoted 10 staff to senior management roles as part of its expansion plans.
The firm announced that it raised assets of more than €1.3 billion from European institutions in 2017, an increase of almost 20 percent compared with the previous year.
GCP said the promotions will enable it to consolidate its position as a provider of diversified investment programmes in infrastructure, private debt and buyouts.
Founder and managing partner Jeremy Golding, added: “It is critical for us to think ahead as we develop the organisational structure and to plan for future growth.”
The firm said it received commitments from more than 70 different institutional investors in 2017, with managed accounts playing an increasingly important role and accounting for approximately 40 percent of the new money it received.
Among the senior promotions, Matthias Reicherter, who until now served as head of infrastructure, will take on the newly created role of chief investment officer at the firm. “The CIO function enables synergies between asset classes to be identified and realised faster,” Golding said in a statement.
Fabian Pötter and Bernd Schumacher are succeeding Reicherter, becoming managing directors and co-heads of infrastructure. The pair will take over all operational responsibility for the infrastructure asset class.
GCP is currently fundraising for Golding Infrastructure 2018, the third generation of its investment strategy in the asset class, with a target of €750 million.
As previously reported by sister publication Private Debt Investor, Abhik Das joined GCP in April this year from BlueBay Asset Management, taking up the role of head of private debt.