Goldman Sachs Raises $11.7 Billion Across Latest Private Equity Funds

Goldman Sachs Alternatives has closed its latest private equity funds, raising $11.7 billion across several vehicles, including West Street Capital Partners IX and West Street Asia Equity Partners I.

The flagship fund, West Street Capital Partners IX, closed with $9.6 billion of total capital and will focus on control-oriented investments in upper middle-market companies across the US and Europe.

The firm's global co-head of private equity, Michael Bruun, highlighted the importance of rapid technological change and AI transformation for portfolio companies, noting that Goldman Sachs' ability to provide technology and operating specialists gives it another way to incorporate AI into the private equity ownership model.

West Street Asia Equity Partners I has raised more than $1.6 billion, with related co-investment vehicles bringing the total fundraising to $11.7 billion.