Golding raises €115.5 million for Article 9 impact fund

Golding raises €115.5 million for Article 9 impact fund

Munich, 25 March 2025 – Golding Capital Partners announces the final closing of its first dedicated private equity impact fund with capital commitments of EUR 115.5 million. Institutional investors include pension funds, insurance companies, savings banks and foundations from Germany, Switzerland, Sweden and Portugal. The investment programme attracted interest from both existing and new clients: around 20 per cent of the capital comes from new investors. A successor product with a strong focus on climate technology companies in Europe and North America is scheduled for Q4 2025.

Portfolio construction for the «Golding Impact 2021» multi-manager fund is well underway. In line with the investment strategy, the fund is broadly diversified across regions, sectors and fund managers and has so far invested in nine private equity funds with an aggregate of more than 100 portfolio companies worldwide. In 2025, the portfolio will be expanded to include additional target funds with the aim of diversification of over 200 companies.

The operational development is promising and a first successful exit has already been realised. In early January, the Inverness Graham Green Light Fund announced the sale of Concord Servicing – a North American financial technology company that provides loan servicing solutions for solar energy and energy efficiency solutions for real estate. By modernising its proprietary software platform and expanding into new markets, Inverness Graham was able to increase Concord Servicing's EBITDA by more than 2.5 times. In addition, the company has made a significant contribution to avoiding greenhouse gas emissions: to date, several million tonnes of environmentally harmful emissions have been avoided through the operation of solar energy systems financed on the Concord Servicing platform.

Focus on climate technologies

«Our strategy focuses on long-term and irreversible changes in the industry. Climate change, scarcity of resources and increasing environmental regulation are putting pressure on companies to become more resilient and efficient. Companies that adapt early and successfully will strengthen their market position and secure long-term competitive advantage», says Dr Andreas Nilsson, Managing Director & Head of Impact Investing at Golding. «This is precisely where a major investment opportunity lies. The best solutions for this transformation not only offer significant economic potential, but also make environmental sense».

Article 9 impact universe expanded

Golding has applied the EU’s sustainable finance disclosure requirements to its target funds worldwide since 2023. «With our Article 9-compliant programme, we are investing in impact opportunities outside the EU that are not classified according to SFDR. This has been achieved thanks to our close collaboration with target funds and our classification process which we developed with external advisors. It allows us to expand the impact universe for Article 9 investors significantly», adds Christian Schütz, Managing Director & Head of Sustainable Investing at Golding.

Golding plans successor to Impact

«With the launch of our first impact fund, we have taken our sustainability strategy a step further while at the same time responding to the needs of our investors. The positive experience of the last three years has strengthened us in our resolve. We are currently working on the concept for the successor fund, which will build on these successes», says Hubertus Theile-Ochel, Managing Partner at Golding. «Our goal is to continue to provide our clients with attractive investment opportunities in the future, to diversify their portfolios and to participate in the winners of the transition to sustainable practices».

Investor interest in sustainable products is growing. According to the Capgemini study «Investment Trends 2025», 62% of the 2,500 executives surveyed worldwide plan to increase their investments in sustainable technologies in 2025. There is particularly strong demand for climate technologies (72%), sustainable product development (70%), biodiversity conservation (63%) and water management (62%). At the same time, more and more sustainable innovations, such as AI-controlled crop spraying systems and battery storage, are reaching market maturity and economies of scale, enabling price parity. In the coming years, breakthroughs are expected in materials technology, agricultural robotics and artificial intelligence for industrial efficiency.

About Golding Capital Partners GmbH

Golding Capital Partners GmbH is one of Europe’s leading independent asset managers for alternative investments, focusing on the asset classes infrastructure, private credit, private equity, secondaries and impact. With a team of more than 200 professionals at its offices in Munich, Luxembourg, Milan, Tokyo and Zurich, Golding Capital Partners helps institutional and professional investors to develop their investment strategy and manages around €15 billion in assets. Its more than 230 investors include pension funds, insurance companies, foundations, family offices and ecclesiastical institutions, as well as banks, savings banks and cooperative banks. Golding became a signatory of the United Nations Principles for Responsible Investment (UNPRI) in 2013 and has been a supporter of the Task Force on Climate-related Financial Disclosures (TCFD) since 2021.

For more information

Disclaimer

An investment in the fund is reserved for professional clients within the meaning of the European Markets in Financial Investments Directive; it represents an entrepreneurial investment, which in addition to chance of income, also entails risks up to and including the total loss of invested capital. An investment decision should only be made on the basis of the key investor information required by law.

You are advised that these descriptions are neither investment advice nor any other kind of advice nor an offer or a solicitation to invest in the fund, and that they do not meet the statutory requirements intended to guarantee the impartiality of financial analysis.

You are further advised that past performance and forecasts are not a reliable guide to future results. We cannot guarantee that the forecasts will actually materialise. No one should take any action on the basis of the information in this document without a thorough analysis of the relevant situation and without appropriate professional advice from third-party experts.