Despite the historically challenging market conditions, Golding Capital Partners, one of Europe’s leading asset managers for alternative investments, again beat its prior year fundraising record. Institutional investors committed a total of €1.5 billion in fresh capital to the Munich-based asset manager in 2020. This enabled Golding to hit the historic milestone of €10 billion in assets under management for the first time in its more than 20-year history and to further improve its position in international competition. Golding intends to continue on its growth path in 2021 by strengthening its team and offering a new range of investment solutions for institutional investors.
The new record fundraising figure of €1.5 billion was committed from more than 60 institutional investors, mainly pension funds, insurance companies and banks. At the same time Golding invested €1.4 billion on behalf of its investors in primaries, secondaries and co-investments across all asset classes, an increase of some 20 per cent on the previous year. In addition to the traditional funds business, strong growth was again achieved with individual managed accounts. Not only could existing mandates be increased but new managed accounts were set up for well-known investors. Just a few weeks ago Golding closed its largest-ever buyout fund of funds at a record volume of €375 million – further proof of investor confidence and a milestone for the Munich-based asset manager.
“We are delighted to have generated significant added value for our investors, in spite of the Covid-19 pandemic, persistently low interest rates and extremely volatile markets. Their trust in our company and all Golding employees makes us proud. It also motivates us to repeat the successes we have achieved together. We will continue to offer our investors attractive investment solutions and a full range of services going forward”, emphasised Managing Partner Hubertus Theile-Ochel.
Golding targets new markets and aims for further growth
Golding has been able to intensify its relationships with existing investors and attract new clients, increasing its client base to over 200 institutional investors primarily in Europe. In addition to its core markets, growth has also been achieved in promising new international markets such as Spain. Golding intends to continue this expansion path in 2021. The Munich-based asset manager intends to develop its investor base in the pension fund and corporates segment of its German-speaking home markets, and also to enter new international markets.
Founder and Managing Partner, Jeremy Golding, said: “We see substantial potential for future growth. Expanding into new regions is a priority for us in 2021, as well as continuing to develop our core markets. We have strengthened our sales team for international business both in Munich and London. This now takes our team to more than 120 worldwide. The ground is now set for us to continue our growth path.”
More alternative investment strategies to meet investor demand
In response to clear demand Golding currently offers institutional investors new, transaction-based co-investment funds in addition to its flagship funds of funds and managed accounts. Golding recently announced the first close of its second Infrastructure Co-investment fund at €215 million. Portfolio construction is proceeding quickly for the Buyout Co-investment fund currently in fundraising and expecting a first closing this summer of over €100 million. Golding will also be launching a private debt co-investment fund in the third quarter of 2021. Institutional investors can also expect new developments in terms of Golding’s impact investing strategy.
