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Alternative Market Briefing

Goodhart Partners takes minority stake in Albright Capital

Friday, October 11, 2019

Bailey McCann, Opalesque New York:

Goodhart Partners has taken a minority stake in Albright Capital through its Volunteer Park Capital Fund. Volunteer Park makes strategic minority investments in select private capital investment management firms.

Albright Capital is an emerging markets private markets firm that focuses on advancing the UN sustainable development goals with an emphasis on investments in infrastructure and real assets. The combines private equity, mezzanine, and structured credit investment strategies to finance middle market companies in emerging markets.

Under the terms of the deal, Goodhart will play an active role in firm governance and a more passive role in Albright Capital's investment process and day-to-day operations.

In an interview with Opalesque, Gregory Bowes, managing principal at Albright Capital said that the firm plans to use the investment to focus on growth by investing alongside other LPs. "We didn't run a process to find an investor," Bowes said. "We have had an ongoing relationship with Goodhart for several years and culturally this seems to be a good fit. Our overall investment strategy will remain the same."

Goodhart Managing Director Mike Daley added that the firm isn't putting a specific end-date on its investment. "We plan to be invested with Albright for the longterm. We think they have a proven strategy for emerging markets and that's in-line with firms we're targeting through Volunteer Park."......................

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