Private Credit
Benefit from attractive medium-sized companies.
With the benefit of our excellent network and many years of market experience, we have access to credit investments of the highest quality.
Jakob Schramm
Partner · Head of Private Credit
Access to investments of the highest quality.
With our specialised target funds and co-investments, we can offer efficient access to private credit and are able to build diversified and robust portfolios for every phase of the market cycle. We have long standing relationships with private credit funds in the corporate senior direct lending, subordinated debt and credit opportunities sectors. Our strategy focuses on senior collateralised loans, which are characterised by low default rates and high repayment ratios.
Private credit is an important driver of ESG.
Private credit funds are increasingly integrating ESG criteria, such as consideration of environmental and social risks and governance factors, into their investment decisions. ESG due diligence processes help to ensure that borrowers fulfil ESG standards and that ESG risks and opportunities are appropriately assessed. We recognise a significant increase in the linking of loan conditions with ESG objectives that support the implementation of ESG measures at portfolio companies.
4.9
bn € AuM
Private Credit for security and returns.
Attractive, stable spreads
Private credit offers attractive spreads compared to government bonds, corporate bonds and high yield bonds.
Low correlation with other asset classes
Low correlation with traditional asset classes ensures positive diversification effects.
Risk reduction
Stable performance across every market cycle achieved with a combination of different credit strategies and selection with a focus on loss avoidance.
A long established asset class
This asset class has the benefit of highly experienced fund managers with a proven track record and diversified investment approaches.
Golding offers a variety of access routes to Private Credit.
Private Credit at Golding – our strategic focus in detail.
Senior direct lending: Focus on primary senior collateralised loans to medium-sized companies.
Subordinated debt: Focus on subordinated loans with full collateralisation (second lien) or only low collateralisation (mezzanine), on occasion in conjunction with senior transactions.
Credit opportunities: More opportunistic investments, whereby these are mostly senior collateralised investments (senior).
Institutional investors rely on our experience in investment selection to achieve their goals and utilise the opportunities offered by private credit investment.
Florian Hofer
Managing Director · Private Credit Investments
Golding is the long-standing partner of institutional investors.
Investors and partners value the personal cooperation with us and benefit from our expertise in legal, tax and valuation issues as well as with the regulatory requirements of institutional investors.
As a leading private credit platform, we have a proven track record across market cycles. Active relationships and an extensive database enable broad and efficient access to private credit funds and co-investments.
Investing in Private Credit also involves risks.
- There can be no guarantee that a specific return or earnings target will be achieved. Past returns and forecasts are no guarantee of future success.
- Minority shareholders who are not involved in the management of a private credit fund have no or only limited influence over the fund manager.
- At private credit fund level, the use of significant debt financing (leverage) is often permitted and common. Although the use of leverage can improve performance, it also increases the potential for loss.
- The market values of private credit funds may be subject to considerable fluctuations due to macroeconomic factors and/or other changing market conditions, in particular the market interest rate environment.
- Private credit funds are usually unregulated investment vehicles that offer only limited investor protection.
- The investor bears the risk of the tax and regulatory structure of the private credit funds and the investments made.
- By realising risks, investors in private credit funds may suffer losses in value up to the amount of the total loss of the invested capital.
Detailed risk information can be found in the issue document of the respective investment programs.
