German private equity house Golding Capital Partners has hired Christian Schütz from PIMCO for the newly-created role of director of ESG.
The firm said the new position will pool together all of its ESG functions, and see Schütz act as the central liaison officer for implementing its sustainability goals.
Schütz was senior vice president for credit research at PIMCO prior to joining Golding, and was a member of its global sustainability initiative. The firm said he played a leading role in the integration of ESG criteria into the credit analysis process and has expertise in the fields of energy and climate risks.
Dr Matthias Reicherter, managing partner and CIO of Golding Capital Partners, said, “We have been deeply engaged with the topics of sustainability and ESG for many years. As part of our consistent and ongoing work to develop the corresponding structures we have now recruited an experienced expert in the person of Christian Schütz.
“Sustainability deserves and needs a dedicated full-time staff member to act as a beacon internally and externally. We believe it is vital for our investors, business partners and employees to ensure that we are taking a coherent, systematic approach to the key subject of ESG.”
Golding Capital launched its debut impact fund of funds in September with a €300m target, aiming for a net IRR of 12% to 14%.
It hit a €161m first close for its latest buyout co-investment fund in June.
The firm also expanded to Switzerland through the launch of a Zurich office, with Beat Frühauf as the new head of Switzerland.
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