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GoldPoint | 05/10/2017

GoldPoint Partners Closes $1.3 Billion Mezzanine Fund

 

GoldPoint Partners LLC, a private equity affiliate of New York Life Investments, today announced the successful final closing of its fourth mezzanine fund, GoldPoint Mezzanine Partners IV, LP (the “Fund”). The Fund held its final close on April 17th with $1.3 billion of total commitments, an approximate 25 percent increase from its predecessor fund.

The Fund represents a continuation of GoldPoint’s successful program of middle market mezzanine investing, which began in 1991 and which historically has generated attractive risk adjusted returns. Since forming its first third party fund in 2002, the team has invested $3.2 billion in over 125 mezzanine transactions. The Fund is managed by six senior investment professionals with a proven track record in private equity investing and an average tenure together of over 20 years.

“The strategy behind our success is our continued focus on our Core Partner strategy, where we identify and invest in top performing sponsors and then become their trusted partner for mezzanine financing. We have been able to build a portfolio of attractive mezzanine opportunities that fit squarely within our sponsors’ areas of expertise,” said John Schumacher, Chairman of GoldPoint Partners.

The Fund’s global 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 believe that our strategy of providing mezzanine financing for our long-established, top-tier sponsor relationships in the middle market should continue to deliver positive results for our Limited Partners” said CEO, Thomas Haubenstricker.

About GoldPoint Partners LLC

GoldPoint Partners currently manages $11.8 billion of private equity assets, comprised of equity co-investments, mezzanine investments, and limited partnership investments in alternative investment funds. GoldPoint manages these assets on behalf of pension funds, financial institutions and high net worth investors around the world, as well as for New York Life Insurance Company. For more information, please visit goldpointpartners.com

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