Golding Secondaries 2022, a fund managed by Golding Capital Partners, has raised €172 million ($188 million) of capital commitments in a first closing.
Golding is an independent asset manager for alternative investments in Europe. With a target volume of €500 million ($546 million), Golding Secondaries 2022 offers investments in a broadly diversified portfolio consisting of more than 100 small- and mid-cap companies mainly from Europe. Target sectors include highly profitable and resilient industries with strong growth potential from the business services, IT and communications segments, among others.
Amid the favorable market environment for secondaries, Golding said 85 percent of existing and 15 percent of new clients participated in the fund’s first close. The firm has already completed five transactions for Golding Secondaries 2022, and, as a result, the fund is already one-third drawn down and has passed through the J-curve at an early stage.