Golding opens up ‘difficult to access’ impact market with first close of €300m-targeting fund of funds

Aug 17, 2022 | News

Golding Capital Partners has held the first close of its first global impact fund at €65m, with commitments coming from several institutional investors, both existing and new, from Germany, Sweden and Switzerland.

At this early stage, the private equity fund of funds has already invested in two target funds and diversified along several key dimensions in line with its investment strategy.

The fund focuses on companies in Europe, North America and emerging markets with transformative business models in the fields of renewable energy and resource efficiency (35 percent), sustainable agricultural technology (35 percent) and also includes financial services (30 percent). Golding is forecasting a net IRR of 12 to 14 percent and is targeting the final closing at €300m by the end of 2023 at the latest.

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The strategy of the “Golding Impact 2021” is to build a broadly diversified portfolio across sectors, regions and development stages. Investments are planned in around 15 growth- stage private equity funds with a smaller allocation for selected co-investments.

The portfolio companies for the “Golding Impact 2021” will operate largely in three sectors, Green Solutions, Food and Ag-Tech Solutions and Financial Inclusion Solutions. Golding applies a rigorous due diligence process before making its investment decisions, and has developed a sophisticated impact management system that explicitly defines the measurable impact objectives of each investment and so makes it possible to evaluate their performance.

The “Golding Impact 2021” is structured as a Luxembourg SCS SICAV-FIAR and is open to institutional investors making a minimum commitment of €5m.

Source: Private Equity Wire

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