Infrastructure
Our beating heart - and consequently a resilient long term investment.
Investing in infrastructure pays off threefold: socially, ecologically and economically.
Bernd Schumacher
Managing Director · Co-Head of Infrastructure
Infrastructure measures have a high sustainability factor.
Infrastructure funds now focus almost exclusively on companies and projects that pursue Sustainable Development Goals (SDG). As a capital investment, infrastructure combines positive effects on society and the environment with the opportunity for stable returns for investors. At Golding, taking ESG and sustainability factors into account is systematically anchored and structured in the investment process.
6.7
bn € AuM
Stable tangible assets with built-in protection against inflation.
Financing infrastructure privately is becoming increasingly important and more diverse in many countries. The special feature of infrastructure investments is their high longevity and the stability of demand. At the same time, infrastructure investments offer both attractive returns and cash flow visibility.
Protection against inflation
Frequent adjustment of income streams to price trends offers protection against inflation.
Contractually secured long term income
Investors value stable, usually contractually and sometimes state-guaranteed cash flows with low volatility and regular distributions. Together with growth in value through active investment management, this results in attractive total returns.
Stable returns
The low correlation with other asset classes creates the conditions for infrastructure investments to generate stable returns with low volatility. Our investment approach builds on this by achieving broad geographical and sectoral diversification through targeted portfolio building.
Long term growth prospects
Increasing global demand for sustainable infrastructure underpins long term growth prospects. We exploit the opportunities offered by the various infrastructure markets, particularly in Europe and North America, without sacrificing earnings stability.
High investment quality with the benefit of experience in direct investments.
We value broadly diversified portfolios that maintain the opportunity for stable returns and low volatility under a wide range of market conditions. When analysing and selecting our investments, we draw on our team's many years of direct investment experience.
This allows us to examine the investment opportunities – whether target funds or individual transactions – in detail and discuss them on an equal footing with the respective fund managers. In this way, we ensure high investment quality and create access to major leading funds, specialised providers and hidden champions, restricted co-investments as well as attractive opportunities on the secondary market.
It‘s good to know that our infrastructure investments generate both sustainable returns for our investors and improve the quality of life for people at a local, regional and global level.
Dr. Thilo Tecklenburg
Partner · Co-Head of Infrastructure
Golding offers a variety of access routes for infrastructure.
Golding is the partner of many years standing for institutional European investors.
Investors and partners appreciate 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. Our products enable us to offer investors efficient access to the infrastructure asset class, particularly in Europe and North America.
- Comprehensive and transparent reporting in German and English, including Solvency II, CRR etc.
- Experienced client servicing team and direct contacts in all relevant departments
- Tailor-made regulatory and product structuring
Due diligence of each individual investment opportunity.
- Established investment process with key criteria ensures a stable track record across market cycles
- Every investment goes through our in-depth due diligence analysis with two investment committees
- The investment committee pools investment expertise for a highly qualified, holistic investment decision
- ESG analyses are an integral part of the investment process
Investing in infrastructure 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 an infrastructure fund have no or only limited influence on the fund manager.
- At the level of infrastructure funds, 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 infrastructure funds may be subject to significant fluctuations due to macroeconomic factors and other changing market conditions.
- Investments in the infrastructure sector may incur additional costs, particularly in connection with government concessions and approvals as well as construction errors and structural defects.
- Infrastructure 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 infrastructure funds and the investments made.
- If risks should materialise, investors in infrastructure 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.
