New York-based GoldPoint Partners, a private equity affiliate New York Life Investments, has closed its fifth equity co-investment fund on $675 million.
The new vehicle is 50 percent larger than its previous co-investment fund and will focus on investments in middle market companies.
GoldPoint has run its co-investment program since 1991. For its latest vehicle, the firm has committed $227 million to 16 portfolio companies. The fund is managed by chairman John Schumacher and CEO Thomas Haubenstricker.
GoldPoint manages $1.4 billion of direct mezzanine investments and $6.8 billion of private equity and debt fund commitments in addition to $1.5 billion of equity co-investments.
The Fund's global investor base includes public and private pension funds, financial institutions, insurance companies, family offices and a number of high net worth individuals.
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