Golding closes secondaries fund above €510 million
Around two-thirds of the commitments come from insurance companies, pension schemes, pension funds and savings banks that had already invested in Golding funds. At the same time, Golding was able to attract a large number of new institutional investors from abroad, including Austria, Switzerland, Italy, France, the Benelux countries, Spain and Asia.
Cash flow profile and track record in focus
In our discussions with investors, the key factors were not only trust in our network and our long-standing track record, but above all our conservative, Europe-focused small- and mid-cap strategy. In particular, the attractive cash flow profile from continuation vehicles and classic LP transactions with early, unleveraged distributions proved highly convincing.
Richard Wilmes, Partner & Head of Secondaries at Golding
The fund is performing strongly in today’s particularly attractive market environment: more than half of the capital has already been invested across 20 transactions. The target sectors are resilient, cash-generative industries such as services and technology, which offer both strong growth potential and economic stability.
A strong signal to the market
Secondaries provide institutional investors with direct access to established portfolios that generate early distributions and offer high predictability. Strong demand and a reinvestment rate of more than 70 percent reflect the confidence in our strategy. Together with the fundraising success of our recently closed ‘Golding Infrastructure 2022’ fund, we have received total commitments of more than €1.3 billion – this sends a clear signal to the market and ensures our investors continued exclusive access to high-return transactions.
Hubertus Theile-Ochel, Managing Partner at Golding
Based on this successful final closing and the favorable market environment for secondary transactions, the investment team is already working on the conception of the third fund in the series. It will build on the proven secondary market strategy and is scheduled to be launched during the course of next year.
Golding has been active in the secondary market since 2012 and, since 2024, its secondaries strategy has also fulfilled the Article 8 criteria of the Sustainable Finance Disclosure Regulation (SFDR).
Golding ist seit 2012 im Bereich der Sekundärmärkte aktiv und erfüllt seit 2024 auch mit der Secondaries-Strategie die Artikel-8-Kriterien der Sustainable Finance Disclosure Regulation (SFDR).
