Golding Capital Partners has reached a first close on its Golding Infrastructure 2016 SCS SICAV fund, raising €435 million.
The fund was launched in March this year with a target of €600 million. It has a wide-ranging scope, targeting investments in 15 infrastructure funds and focusing on core/core plus infrastructure, brownfield projects as well as selected co-investments.
In total, Golding hopes to amass a portfolio of about 200 projects across Europe and North America and is seeking investments across a range of sectors including energy, transport, utilities and social infrastructure with an 8 percent IRR. Golding said further investments are expected before the end of the year.
Golding added that the first close drew commitments from 28 institutional investors from Germany and Europe, including insurance companies, pension funds, charitable foundations, banks and savings banks.
“Our current infrastructure investment programme is specially tailored to the requirements of institutional investors,” Hubertus Theile-Ochel, a managing partner at Golding, said in a statement. “We are convinced that with our carefully structured portfolio, consisting of core and core-plus investments with a focus on stable yield, combined with profitable value-added projects, we have an attractive overall programme from a risk-return perspective.”
Golding manages over €5 billion in assets for its 130 institutional investors.