Golding Capital Partners has raised nearly €280m for its latest secondaries fund with the vehicle on track to attract more capital commitments than the firm’s inaugural secondaries fund, according to a report by Secondaries Investor.
The report cites a statement issued by Golding as confirming that Golding Secondaries 2022 is expected to reach its €500m target, having held a first close at €172m in August last year.
The predecessor fund, Golding Secondaries 2019 – the firm’s debut investment vehicle dedicated to secondaries – which launched in 2020, closed on €280m in 2022, above its €200m target.
Richard Wilmes, meanwhile, the firm’s Head of Secondaries, has been promoted to Partner in a move that underlines the growing importance of the firm’s secondaries investment programme. Wilmes joined the firm in 2009 and has been building up its secondaries team since 2012, according to the statement.
Golding raised €1.7bn across various strategies last year with secondaries and co-investments representing about 50% of that total. Some 13% of the firm’s investments last year were in secondaries, up from 5% in 2022.
