Goodhart Partners LLP is set to launch Volunteer Park Capital, a new platform that targets mid-sized private equity firms in North America and Europe. London-based Goodhart is an investment manager founded in 2009.
(London, UK) Goodhart Partners LLP (“Goodhart”) announced today that it is set to launch a new platform to make strategic minority investments in private capital investment management firms. Goodhart, founded in 2009, partners with boutique investment teams, providing them with a mix of capital, operational and regulatory infrastructure, and distribution services. Goodhart offers a range of strongly differentiated investment strategies, either managed in-house or in partnership with affiliated boutiques.
Through its newly established platform, Volunteer Park Capital (“VPC”), Goodhart will make a number of investments in North America and Europe, primarily focused on middle-market private equity firms and private debt firms, but also potentially other private capital firms such as distressed debt, infrastructure, real assets, and secondaries. VPC’s capital is focused on financing GP commitments, funding requirements for growth, and facilitating generational transfers.
Portfolio Manager Michael Daley said, “We believe there is an opportunity to partner with outstanding mid-sized private equity firms. There are a great number of quality firms that don’t get the attention of the larger capital providers in the space. We think these firms can deliver superior results to both their LPs and their equity partners.”
These partnerships are more than just capital. Goodhart offers strategic resources to potential partners. “We are good partners,” said Alan Bartlett, CEO of Goodhart. “We aren’t transactional, we are asset managers. We understand the challenges faced by boutique asset management firms. We form long-term partnerships and endeavor to help our partners to enhance and grow their businesses.” Goodhart provides its partners with access to its European fund and regulatory platform, and distribution.
“For mid-sized US-based GPs, attracting European investors is difficult, and getting more so,” said Bartlett. “We can offer them access to European regulated fund structures and distribution capabilities, providing our partners opportunities for growth that they otherwise would not have access to.”