»Golding Infrastructure Co-Investment 2023« reaches final close at €450 million
Portfolio already around two-thirds invested
At the time of final closing, portfolio construction is already around two-thirds complete. This has enabled Golding to deploy a substantial portion of committed capital in what remains a structurally attractive investment environment for infrastructure assets. All portfolio companies are developing in line with expectations, and the fund has already moved beyond the J-curve phase.
The current portfolio comprises nine assets diversified across sectors and countries, with a focus on investments in the Core Plus and Value-Add segments. This reflects Golding's established approach of building infrastructure co-investment portfolios through multiple layers of diversification. The strategy focuses on essential infrastructure assets characterised by high barriers to entry and long-term growth potential. Golding Infrastructure Co-Investment 2023 is classified as an Article 8 fund under the Sustainable Finance Disclosure Regulation (SFDR).
Structural trends increasingly converging
The portfolio is aligned with long-term structural developments in mobility, digitalisation and decarbonisation. Increasingly, these trends are becoming interconnected within individual investments. Geographically, the portfolio currently has a stronger focus on Europe than previous vintages. At the same time, the investment team continues to evaluate attractive opportunities in developed markets outside Europe. While maintaining its highly selective investment approach, clear allocation limits and targeted vintage diversification, Golding expects to complete portfolio construction over the next 18 to 24 months.
The successful fundraising of the third fund generation confirms the attractiveness of Golding's infrastructure co-investment strategy. The strong support from existing investors, together with commitments from numerous new investors, highlights confidence in the strategy and the continued demand for Golding's infrastructure co-investment solutions.
The structural demand for infrastructure investment remains significant, and the current market environment continues to offer attractive opportunities for co-investments. At the same time, disciplined selection and diversification across sectors, regions, strategy segments and fund managers remain the cornerstones of our co-investment approach.
Dr Thilo Tecklenburg, Partner & Head of Infrastructure
The high proportion of new investors is a strong endorsement of our co-investment strategy. Institutional investors are looking not only for access to attractive opportunities, but also for experience in sourcing, selecting and executing them. We are therefore particularly pleased by the confidence that both new and long-standing investors have placed in the third generation of our strategy.
Hubertus Theile-Ochel, Managing Partner
