


{"id":43309,"date":"2020-07-07T19:46:03","date_gmt":"2020-07-07T17:46:03","guid":{"rendered":"https:\/\/newserver.fyb.de\/golding-raises-200-million-euros-for-private-debt-fund-for-smes\/"},"modified":"2020-07-07T19:46:03","modified_gmt":"2020-07-07T17:46:03","slug":"golding-raises-200-million-euros-for-private-debt-fund-for-smes","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/golding-raises-200-million-euros-for-private-debt-fund-for-smes\/","title":{"rendered":"Golding raises 200 million euros for private debt fund for&nbsp;SMEs"},"content":{"rendered":"<p>Munich \u2014 Strong signal in the COVID 19 crisis: <strong>Golding<\/strong> raises almost 200 million euros from private debt funds for medium-sized compa\u00adnies. The COVID-19 pande\u00admic is caus\u00ading massive dislo\u00adca\u00adtion in econo\u00admies and finan\u00adcial markets world\u00adwide. Many compa\u00adnies, espe\u00adci\u00adally small and medium-sized ones, run into liqui\u00addity bott\u00adlen\u00adecks that they cannot absorb through tradi\u00adtio\u00adnal finan\u00adcing chan\u00adnels such as bank loans. In such times of crisis, private debt funds gain in importance. In this phase, <strong>Golding Capi\u00adtal Part\u00adners<\/strong> successfully closed the first subscrip\u00adtion period of the <strong>Golding Private Debt 2020<\/strong> fund with a volume of almost 200 million euros.<\/p>\n<p>At present, access to addi\u00adtio\u00adnal capi\u00adtal needed in the short term is consider\u00ada\u00adbly rest\u00adric\u00adted for many compa\u00adnies. The crisis-indu\u00adced decline in tradi\u00adtio\u00adnal forms of finan\u00adcing, such as bank loans or the more liquid capi\u00adtal markets, has resul\u00adted in liqui\u00addity problems, in some cases threa\u00adtening the very exis\u00adtence of SMEs in parti\u00adcu\u00adlar. Private debt funds gain addi\u00adtio\u00adnal importance in such times of crisis. They can close the finan\u00adcing gap in the case of growth finan\u00adcing, acqui\u00adsi\u00adti\u00adons, refi\u00adnan\u00adcing, but also tempo\u00adrary liqui\u00addity bott\u00adlen\u00adecks and offer sustainable solu\u00adti\u00adons with alter\u00adna\u00adtive forms of financing.<\/p>\n<p><strong>Foun\u00adder and CEO Jeremy Golding<\/strong>: \u201cThe Corona crisis has shown that compa\u00adnies need quick and uncom\u00adpli\u00adca\u00adted \u201ccash injec\u00adtions\u201d. This is the only way they can main\u00adtain opera\u00adti\u00adons and secure jobs. Banks are often not suita\u00adble finan\u00adcing part\u00adners due to incre\u00adasingly strin\u00adgent regu\u00adla\u00adti\u00adons and capi\u00adtal requi\u00adre\u00adments. Private debt funds, on the other hand, can directly provide alter\u00adna\u00adtive finan\u00adcing solu\u00adti\u00adons and often support compa\u00adnies with long-term capi\u00adtal \u2014 at a much better risk and return profile.\u201d<\/p>\n<p>The invest\u00adment stra\u00adtegy of the Golding Private Debt 2020 fund is to build a broadly diver\u00adsi\u00adfied port\u00adfo\u00adlio of prima\u00adrily bila\u00adte\u00adral finan\u00adcings nego\u00adtia\u00adted directly with medium-sized compa\u00adnies in Europe and North America (\u201ccorpo\u00adrate direct lending\u201d). The focus is on senior secu\u00adred loans; subor\u00addi\u00adna\u00adted loans are also taken into account on a selec\u00adtive basis. Depen\u00adding on the market envi\u00adron\u00adment, Golding also invests in selec\u00adted funds with a focus on special situa\u00adtions invol\u00adving, for exam\u00adple, the oppor\u00adtu\u00adni\u00adstic acqui\u00adsi\u00adtion of loans in the secon\u00addary market or speci\u00adfic complex corpo\u00adrate situa\u00adtions. The plan is to set up 15 to 20 primary and secon\u00addary funds as well as co-invest\u00adments as an oppor\u00adtu\u00adni\u00adstic addi\u00adtion. To date, one co-invest\u00adment has alre\u00adady been imple\u00admen\u00adted and the first primary funds have been subscribed.<\/p>\n<p><strong>Proven crisis resistance<\/strong><br>\nAlre\u00adady during and after the global econo\u00admic crisis of 2008\/2009, the private debt asset class demons\u00adtra\u00adted excel\u00adlent crisis resis\u00adtance compared to other asset clas\u00adses. Nega\u00adtive valua\u00adtion discounts in the private debt market, for exam\u00adple, were fully offset after around nine months. Such low vulnerabi\u00adlity in crises contri\u00adbu\u00adtes signi\u00adfi\u00adcantly to rising demand in this segment. Current market analy\u00adses confirm this clear growth trend: around one-third of the inter\u00adna\u00adtio\u00adnal inves\u00adtors surveyed are plan\u00adning to invest more heavily in private debt in view of the Corona crisis.<\/p>\n<p>\u201cFor our inves\u00adtors, it pays to invest in private debt funds. Not only because our offe\u00adrings in this area are parti\u00adcu\u00adlarly stable and resi\u00adli\u00adent due to our diver\u00adsi\u00adfied approach and broad diver\u00adsi\u00adfi\u00adca\u00adtion to around 600 \u2014 800 tran\u00adsac\u00adtions world\u00adwide. But also because it enables us to gene\u00adrate attrac\u00adtive risk-adjus\u00adted returns and, with an average net IRR of 7 to 8 percent, we have an excel\u00adlent perfor\u00admance. In the ongo\u00ading low-inte\u00adrest envi\u00adron\u00adment, this is an excel\u00adlent invest\u00adment oppor\u00adtu\u00adnity for insti\u00adtu\u00adtio\u00adnal inves\u00adtors,\u201d says <strong>Mana\u00adging Direc\u00adtor and CIO Dr. Matthias Reicher\u00adter<\/strong>.<\/p>\n<p>Golding was one of the pioneers in this asset class in 2003 and can ther\u00ade\u00adfore draw on many years of successful invest\u00adment exper\u00adtise in the private debt market. Golding curr\u00adently mana\u00adges around EUR 3.5 billion in this asset class for insti\u00adtu\u00adtio\u00adnal inves\u00adtors. Capi\u00adtal is curr\u00adently spread across 17 invest\u00adment programs (inclu\u00adding funds of funds, co-invest\u00adment funds and mana\u00adged accounts).<\/p>\n<p><strong>About Golding Capi\u00adtal Part\u00adners&nbsp;GmbH<\/strong><br>\nGolding Capi\u00adtal Part\u00adners GmbH is one of the leading inde\u00adpen\u00addent asset mana\u00adgers for private equity, private debt and infra\u00adstruc\u00adture in Europe. With a team of over 100 employees based in Munich, Luxem\u00adbourg, London, New York and Tokyo, Golding Capi\u00adtal Part\u00adners supports insti\u00adtu\u00adtio\u00adnal inves\u00adtors in buil\u00adding their invest\u00adment stra\u00adtegy and mana\u00adges assets of over \u20ac9 billion. The appro\u00adxi\u00adm\u00adately 200 insti\u00adtu\u00adtio\u00adnal inves\u00adtors include insu\u00adrance compa\u00adnies, pension funds, foun\u00adda\u00adti\u00adons, family offices as well as banks, savings banks and coope\u00adra\u00adtive&nbsp;banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Munich \u2014 Strong signal in the COVID 19 crisis: Golding raises almost 200 million euros from private debt funds for medium-sized compa\u00adnies. The COVID-19 pande\u00admic is caus\u00ading massive dislo\u00adca\u00adtion in econo\u00admies and finan\u00adcial markets world\u00adwide. Many compa\u00adnies, espe\u00adci\u00adally small and medium-sized ones, run into liqui\u00addity bott\u00adlen\u00adecks that they cannot absorb through tradi\u00adtio\u00adnal finan\u00adcing chan\u00adnels&nbsp;such&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":35017,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1381,1382,1389],"tags":[],"class_list":["post-43309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-private-debt-mezzanine","category-fund-of-funds","category-private-debt-mezzanine-financing-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Golding raises 200 million euros for private debt fund for SMEs - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/golding-raises-200-million-euros-for-private-debt-fund-for-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Golding raises 200 million euros for private debt fund for SMEs - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Munich \u2014 Strong signal in the COVID 19 crisis: Golding raises almost 200 million euros from private debt funds for medium-sized compa\u00adnies. 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