Golding Capital Partners is expanding its product range with the launch of Golding Energy Transition 2022, a €300 million fund which will focus on investments aimed at helping achieve the goals defined by climate agreements.
The global investment strategy of the new fund is to build a broadly diversified portfolio by the end of 2024, which will consist of around 10 funds and up to 20 per cent co-investments. The focus will be on European (60 per cent) and North American (40 per cent) investments in solar and wind energy, energy storage technologies, and other technologies that enable and advance decarbonisation and the energy transition.
The investments will be split roughly half-and-half between brownfield and greenfield projects. Golding is planning a target return of 6.0 to 7.0 per cent net IRR pa and a first closing before the end of 2022. Golding has many years of experience with infrastructure assets that contribute to this realignment of the energy supply. With €5.7 billion under management in the asset class, the existing portfolio already includes many investments in the energy transition.
Golding Energy Transition 2022 is structured as a Luxembourg-based Reserved Alternative Investment Fund (RAIF) in accordance with Article 8+ (light green plus) of the Sustainable Finance Disclosure Regulation (SFDR), and is open to institutional investors committing a minimum of €5 million. It has a life of 15 years plus one optional extension.