In brief: Golding preps energy transition fund of funds

The firm hopes to make around 10 fund commitments from the vehicle, as well as a number of co-investments.

European private markets investor Golding Capital Partners has started marketing its first energy transition-themed fund of funds, the firm said on Tuesday.

Golding Energy Transition 2022 has a target size of €300 million and a target return of between 6 percent and 7 percent net IRR, the firm said. Golding hopes to make around 10 fund commitments, reserving around 20 percent of the capital for co-investments, and split the fund roughly half-and-half between greenfield and brownfield infrastructure projects.

“At a time of record inflation,” said founder and managing partner Jeremy Golding, “investors appreciate the stability of infrastructure investments that provide essential services and benefit from the tailwinds generated by the mega-trends in our society, such as energy transition.”

Separately, Golding is  raising a private equity impact fund of funds.