Golding Capital Partners (GCP) raised €1.1 billion in investor commitments in 2016. The fundraising represented the Munich-based firm’s most successful fundraising year to-date representing a 30 percent increase on the firm’s commitments from 2015.
The fundraising consisted of 60 commitments from institutional investors, a company announcement noted. Roughly 70 percent of commitments came from existing GCP investors. Approximately 30 percent of funds raised came via entities investing with GCP for the first time.
The announcement stated that the firm made roughly 40 investments on behalf of its investors during 2016. Roughly 40 percent of these were in North America, a move the firm says is to ensure diversification across its portfolios.
GCP recently announced it had held a first close on its latest fund-of-funds private debt vehicle. The fund, which has a target of €600 million, closed on €331 million earlier this month.
It focuses largely on senior debt, though the firm is open to including unitranche or mezzanine exposure should the right opportunity emerge.