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Managed by Goodhart, the Volunteer Park Capital Fund SCSp ("the Fund") focuses primarily on acquiring interests in the General Partners (“GPs”) of Private Equity and Debt funds. It may also acquire interests in the GPs of infrastructure, property and other real-asset strategies.

The Fund had its initial close on 1st August 2019.

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OBJECTIVE

15-20% per annum net returns with low risk of underperformance

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STRATEGY

Acquire minority ownership interests in 8-12 high quality boutique private capital managers

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GEOGRAPHY

Target managers headquartered in either North America and Europe

THE PORTFOLIO

HIGHLIGHTS

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Growth Capital

The Fund provides GPs with the capital they require to grow. A large proportion of capital is used as "GP Commitment" for imminent fund launches. Some may also be used to invest in additional resources required to grow the business.

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Strong Alignment

The majority of capital invested by the Fund remains in the GPs. The objective is to support growth, not to provide exit capital for the founders. We believe this is key to ensuring strong alignment of interests between the Fund and the management teams of the GPs.

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Minority Interests

We believe boutiques should be controlled by management, not external shareholders. As such the Fund is only ever a minority shareholder.

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Middle-Market Opportunity

The Fund focuses on middle-market GPs with typically $500m to $1.5bn under management. We believe the growth capital requirements of these GPs are under-served by the market.

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Effective Partner

Goodhart is an attractive partner for the "right" GPs. We are long term investors with a genuine focus on making money for our clients. Goodhart is majority owned by management, with strong support from a large family office. Where appropriate Goodhart is able to support GPs across a wide-range of areas, including access to our fund platform and marketing capabilities.

OUR PORTFOLIO

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Albright Capital believes investing flexibly across private markets in the emerging world, with a focus on specific areas where capital is scarce and price inefficiencies exist, achieves superior risk/return profiles that also drive uncorrelated investment performance.

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CapitalSpring provides structured financing solutions to franchisees and branded restaurant operators across North America. Insufficient industry capital from traditional bank lenders allows creative and flexible investment approach.

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Syntaxis provides long term capital, lending to fast growing mid-market companies in Central and Eastern Europe.

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WAVE makes early growth equity investments into companies with innovative technologies in clean energy, food, water, and waste industries.