$11.7 Billion Private Equity Fundraising by Goldman Sachs Asset Arm
Goldman Sachs' asset management arm has raised $11.7 billion across its latest private equity funds and related vehicles, according to a statement released by the company.
The fundraising included $9.6 billion for the flagship fund West Street Capital Partners IX, $1.6 billion for its Asia-focused strategy West Street Asia Equity Partners I, and $500 million for related co-investment vehicles.
The investments made so far include Schellman, a US cybersecurity audit firm, Numantec, a European medical devices maker, and Excel Sports Management, a US sports representation and marketing agency.
Michael Bruun, global co-head of private equity at Goldman Sachs Alternatives, stated that over one-third of the capital has already been invested and plans to deploy it over a period of four to four-and-a-half years.