Golding Capital Partners has achieved the first close of its Golding Infrastructure 2020 fund of funds with commitments of EUR 440 million (US$ 535 million). The fund invests in infrastructure assets that address some of the key megatrends affecting society, such as urbanization, climate change, digitization and healthcare. Not only pension funds and insurance companies, but also savings banks and cooperative banks committed to the first closing of the fund.

Golding Infrastructure 2020 will pursue the investment strategy of a global approach diversified by sector, which consists of building a broadly diversified portfolio of around 15 infrastructure funds (primaries and secondaries) with a focus on Core/Core Plus investments (projects with contractually guaranteed or state-regulated income), brownfield investments in existing facilities, and selected co-investments. It will cover the key infrastructure markets in Europe and North America, and such sectors as energy, transport, utilities, and social infrastructure.

The portfolio construction is focused on generating continuous yield. Golding forecasts a target net IRR of 7-8 percent p.a. for the infrastructure fund and is planning a final close at the end of the year for at least EUR 700 million (US$ 851 million).