Goodhart targets $200m for first minority stakes fund

The investor in boutique fund managers is looking to focus on private markets specialists, including debt managers.

Volunteer Park Capital, a new platform launched by Goodhart Partners to capitalise on the growing trend of alternative asset managers taking minority stakes in other alternative asset managers, is seeking $200 million for its debut fund, according to a source familiar with the matter.

VPC’s vehicle, which will have a five-year investment period and a 15-year life, will look to back eight to 10 management teams, writing equity cheques of between $20 million and $25 million, this source said.