GoldPoint Partners LLC has closed its sixth co-investment fund at a hard cap of $850 million. The fund’s limited partners include public and private pension funds, financial institutions, insurance companies, endowments, family offices and high-net worth individuals. GoldPoint Partners is a private equity affiliate of New York Life Investment Management LLC and indirect subsidiary of New York Life Insurance Company.
NEW YORK, May 1, 2018 – GoldPoint Partners LLC announced the successful closing of its sixth equity co-investment fund, GoldPoint Partners Co-Investment VI, LP (the “Fund”). The Fund closed on its hard cap of $850 million of commitments, a 26 percent increase from its predecessor fund.
The Fund represents a continuation of GoldPoint’s successful co-investment program which began in 1991. Since that time, the GoldPoint team has invested $2.9 billion in 181 equity co-investment transactions. The Fund will maintain GoldPoint’s consistent strategy of partnering with successful private equity sponsors by providing equity co-investment capital to support their acquisition of middle market companies in the U.S. and Western Europe. To date, the Fund has invested or committed $144 million in six portfolio companies.
“Our long-term success is a result of the continued focus on our Core Partner strategy, where we identify and invest in top performing sponsors and then become their trusted partners for direct equity co-investment. Through more than 25 years of experience and refinement of our strategy, we have built a strong portfolio of relationships and attractive co-investments that represent the best of our Core Partners,” said John Schumacher, Chairman of GoldPoint Partners.
The Fund is managed by six senior investment professionals with a proven track record in private equity investing and an average tenure together of 22 years. Led by Chairman John Schumacher and CEO Thomas Haubenstricker, the GoldPoint team has a total of $12.7 billion in assets under management (as of 12/31/17), including $1.9 billion of equity co-investments, $2.4 billion of direct mezzanine investments and $8.4 billion of private equity and debt fund commitments.
The Fund’s global investor base includes public and private pension funds, financial institutions, insurance companies, endowments, family offices and high net worth individuals. “We are grateful for the show of support from both our existing limited partners and several new investors. We are confident that our seasoned track record of co-investing alongside our long-established, top-tier sponsor relationships in the middle market will continue to deliver strong results for our investors,” said Thomas Haubenstricker.
About GoldPoint Partners
GoldPoint Partners, a private equity affiliate of New York Life Investment Management LLC (NYLIM) and indirect subsidiary of New York Life Insurance Company, currently manages $12.7 billion of private equity assets (as of 12/31/17), comprised of equity co-investments, mezzanine investments, and limited partnership investments in alternative investment funds. GoldPoint manages these assets on behalf of pension funds, endowments, financial institutions and high net worth investors around the world, as well as for New York Life Insurance Company. For more information, please visit www.goldpointpartners.com