Goldman Sachs Raises $11.7 Billion in Private Equity Funds

Goldman Sachs' asset management arm has raised $11.7 billion across its latest private equity funds and related vehicles, it announced on Tuesday.

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 co-investment vehicles.

Michael Bruun, global co-head of private equity at Goldman Sachs Alternatives, said that over one-third of the capital has been invested already, with plans to deploy it over a four- to four-and-a-half-year period.