Golding Capital Partners has held a €435 million ($487 million) first close for Golding Infrastructure 2016 SCS SICAV, a multi-manager infrastructure investment program. Golding has raised more than 70 percent of its target volume of €600 million ($672 million).
The infrastructure investment program, launched by Golding in March 2016, will follow a conservative investment strategy aimed at generating early yield and an attractive overall net portfolio internal rate of return of 8 percent per year.
Investments are planned in around 15 infrastructure funds (primaries and secondaries) with a focus on conservative core and core-plus investments, brownfield projects and selected co-investments. The investment program will build a broadly diversified portfolio of some 200 infrastructure projects in the main infrastructure markets in Europe and North America and cover all sectors, including energy, transport, utilities and social infrastructure. Golding has started to assemble the portfolio and intends to make further investments by year-end.
There is a growing global need for infrastructure investment. According to a recent study by the McKinsey Global Institute, Germany alone needs to invest €160 billion ($179 billion) more than is currently planned.