Golding's new infrastructure fund collects EUR 212m in first close

Munich-based asset manager Golding Capital Partners said today that it has secured more than one-third of the target for its third infrastructure co-investment fund, raising EUR 212 million (USD 233.9m) in its first close.

The Golding Infrastructure Co-Investment 2023 Fund is dedicated to market segments with a direct link to long-term megatrends, including electromobility, renewable energies, sustainable transport and logistics concepts and the circular economy, a press statement says.

The investment vehicle will seek to attract a total of EUR 600 million and has a target of around 15 co-investments. The fund has already allocated capital towards a German provider of charging infrastructure for electromobility and an American service provider for environmentally friendly waste management.

“Based on many years of direct investment expertise, Golding's experienced infrastructure team is on track to develop a multi-dimensionally diversified portfolio of attractive infrastructure assets and achieve a target net return of 10-11% per year,” said Bernd Schumacher, managing director and co-head of infrastructure at Golding.

(EUR 1 = USD 1.103)

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