GoldPoint Partners LLC, a private equity affiliate of New York Life Investments, closed its fifth equity co-investment fund, at $675m.
The global investor base includes public and private pension funds, financial institutions, insurance companies, family offices and a number of high net worth individuals.
GoldPoint Partners Co-Investment V, LP, will maintain the firm’s strategy of partnering with private equity sponsors by providing equity co-investments to support their acquisition of middle market companies in the U.S. and Western Europe.
The fund, managed by six senior investment professionals led by Chairman John Schumacher and CEO Thomas Haubenstricker, has already invested/committed $227m in 16 portfolio companies.
Founded in 1991, GoldPoint manages $1.4 billion of direct mezzanine investments and $6.8 billion of private equity and debt fund commitments in addition to $1.5 billion of equity co-investments.