Golding Capital Partners has held a first close on its debut impact fund, raising €65 million towards a target of €300 million. Among the new investors in Munich-headquartered Golding’s fund is pension fund SEB-Stiftelsen, the first Swedish institutional investor to commit capital to Golding’s funds, the firm said.
Founder and managing partner Jeremy Golding said: “This fundraising success confirms our conviction that the impact segment has significant growth potential around the world and we are right in prioritising our expansion strategy to open up new markets.”
The vehicle – Golding Impact 2021 – has made two commitments so far: one into a Europe-focused climate growth fund and one into an emerging markets financial inclusion-focused fund. Golding declined to name either manager. Commenting on dealflow for the the fund, a spokesperson for the firm said it was working with a shortlist of 200 impact managers – whittled down from long list of 900.