Golding makes raft of promotions

The fund of funds manager invested around €200m in secondaries and co-investments last year, according to a statement obtained exclusively by Private Equity International.

Golding Capital Partners has expanded its senior management team with promotions across its buyout, private debt and infrastructure businesses, Private Equity International has learned.

The Munich-headquartered fund of funds manager appointed three executives to partner-level, including one to managing partner, according to a statement obtained exclusively by PEI.

Andreas Rizos was promoted to managing partner, Matthias Reicherter to partner of infrastructure investments and Daniel Boege is now partner of buyout.

Within the investment team, the firm also promoted Boerge Grauel to managing director of private debt and Fabian Poetter to managing director of infrastructure. Managing director of structuring Manuel Gruber will now sit on the firm's management board.

Golding's fundraising last year jumped 30 percent year-on-year, with the firm raising €1.1 billion across private equity, private debt and infrastructure last year, according to the statement. Separate managed accounts across all three asset classes accounted for around €350 million of last year's fundraising figure, the spokesman said.

The firm received 60 commitments from institutional investors across buyout, private debt and infrastructure, with 70 percent of commitments coming from existing investors and 30 percent from new limited partners.

The firm has also raised €600 million this year, mainly for its Golding Private Debt 2016 SCS vehicle, the spokesman confirmed.

Insurance companies, pension funds and banks were strongly represented among new investors, while individually-managed accounts also made a strong contribution, accounting for more than 30 percent of last year's new capital.

Last year the company made 40 commitments to primary, secondaries and co-investment funds across all asset classes, amounting to more than €1 billion. Investments in secondaries and co-investments accounted for 20 percent of this total.
North American investments accounted for 40 percent, and the firm did not disclose where its other investments were made.

Golding's private debt investment programme held a first close in March 2017 on €331 million. It has around €2.5 billion in private debt assets under management.

Golding Capital Partners has 75 professionals in its Munich, Luxembourg and New York offices. It manages more than €6 billion in assets across private equity, private debt and infrastructure.