GoldPoint Partners, a private equity affiliate of New York Life Investments, has held a closing of its fifth equity co-investment fund, GoldPoint Partners Co-Investment V, LP, with $675 million of commitments, a 50 percent increase from its prior fund.
The new fund will continue GoldPoint’s strategy of partnering with private equity sponsors by providing from $10 million to $50 million in equity co-investments to support their acquisition of middle market companies in the US and Western Europe. So far, Fund V has invested or committed $227 million in 16 portfolio companies. GoldPoint’s co-investment strategy dates back to 1991. Since then, GoldPoint has invested $2.2 billion in 149 equity co-investment transactions.
Fund V’s investor base includes public and private pension funds, financial institutions, insurance companies, family offices and a number of high net worth individuals. “We are very grateful for the show of support we received from investors and we are confident that our 20 plus year track record of co-investing alongside our long-established, top-tier sponsor relationships in the middle market will continue to deliver strong results,” said GoldPoint’s CEO Thomas Haubenstricker.
“By consistently focusing on our Core Partner strategy, where we identify and invest in top performing sponsors and then become their trusted partner for direct equity co-investments and mezzanine financing, we have been able to build a portfolio of attractive co-investment opportunities that fit squarely within our sponsors’ areas of expertise,” said John Schumacher, GoldPoint’s Chairman.
Fund V is managed by six senior investment professionals led by Mr. Schumacher and Mr. Haubenstricker. The GoldPoint team manages $9.8 billion of private equity assets including $1.4 billion of direct mezzanine investments, $1.5 billion of equity co-investments, and $6.8 billion of private equity and debt fund commitments.
GoldPoint is headquartered in New York (www.goldpointpartners.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-21-15