08/02/2023at 07:51

Goldman Sachs raises USD 5.2bn for private equity growth fund

Goldman Sachs Group Inc. raised USD 5.2bn for a private equity fund that will buy early-stage companies that are typically small in size, a sign of confidence in an industry that’s confronting strong headwinds.

The world headquarters of Goldman Sachs in New York. | Photo: Peter Morgan/AP/Ritzau Scanpix

By Cathy Chan / Bloomberg

Goldman Sachs Asset Management’s West Street Global Growth Partners I exceeded its initial target and received USD 3.7bn from institutional and high net worth investors, according to a statement Tuesday. It also got a significant commitment from the firm and its staff, it said.

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