The alternatives investments specialist said the fund has invested in nine private equity funds and that it plans to launch a successor climate technology fund later in the year.
Golding Capital Partners, the Munich-based asset manager, said it had made a final close on its first private equity impact fund of funds, having amassed €115m in commitments. It is now preparing the launch of a successor fund.
The Golding Impact 2021 fund was launched in late 2021, at which point the asset manager was seeking to raise €300m to invest in green solutions, sustainable agricultural technology, financial services and other sustainable sectors.
Thus far, the fund has invested in nine private equity funds with a total of over 100 portfolio companies, spread across regions, sectors and fund managers around the world. Golding said the portfolio would be expanded to include further funds, with the aim of boosting the portfolio to more than 200 companies.
Investor commitments
The fund has attracted commitments from pension funds, insurance companies, savings banks and foundations from Germany, Switzerland, Sweden and Portugal, with around 20% of the capital coming from new investors.
Golding said it had applied the EU’s Sustainable Finance Disclosure Regulation (SFDR) requirements to the funds in which it invests, even if they are outside the European Union, since 2023.
Christian Schütz, managing director and head of sustainable investing at Golding, said the approach made the impact strategy Article 9-compliant.
“This has been achieved thanks to our close collaboration with target funds and our classification process which we developed with external advisors. It allows us to expand the impact universe for Article 9 investors significantly,” he said.
The Golding impact fund made its first exit in January, when the Inverness Graham Green Light Fund in which it had invested sold Concord Servicing, a US-based financial technology and loan servicing company for residential solar energy and energy efficient home improvements. Concord was acquired by private equity firm GTCR for an undisclosed amount.
Inverness Graham had been able to increase Concord Servicing’s EBITDA by more than 2.5 times by modernising its proprietary software platform and expanding into new markets, according to Golding.
Climate-tech focus
Golding cited a 2025 global investment trends study by consultancy firm Capgemini as a sign that investor interest in sustainable products is growing. In the survey, 62% of around 2,500 executives contacted worldwide said they were planning to increase their investments in sustainable technologies, up 10% from the year before.
Breakthroughs are expected in materials technology, agricultural robotics and artificial intelligence for industrial efficiency over coming years. The firm said sectors such as AI-controlled crop spraying systems and battery storage were maturing and achieving economies of scale that made them increasingly attractive investment targets.
A follow-on product focusing on climate technology companies in Europe and North America is being prepared with a view to a launch in the fourth quarter 2025.
