Goldman Sachs Alternatives Closes $11.7 Billion Private Equity Fund
Goldman Sachs Alternatives has successfully closed a private equity fund with total commitments of $11.7 billion, marking the largest fundraising in its history for this segment. The capital is split into three parts: $9.6 billion allocated to West Street Capital Partners IX, an Asia-focused strategy raised $1.6 billion under West Street Asia Equity Partners I, and $500 million directed toward co-investment vehicles. The funds attracted institutional investors from North America, Europe, and the Middle East, with significant contributions also coming from Goldman Sachs itself and its employees. The firm has already deployed over one-third of the capital in companies such as Schellman (a cybersecurity audit firm), Numantec (medical devices maker), and Excel Sports Management. Goldman Sachs Alternatives aims to deploy West Street Capital Partners IX's funds within four to four-and-a-half years, targeting businesses valued between $500 million and $2–3 billion. The firm currently manages $459 billion in assets under supervision and has set a goal of reaching $750 billion by the end of 2030.
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Topics: funding raise Goldman Sachs private equity West Street Capital Partners IX