Goldman Sachs Asset Management Raises $11.7 Billion Across Private Equity Funds

Goldman Sachs Asset Management’s alternatives unit has raised $11.7 billion across its latest private equity funds and related investment vehicles, the firm said on Tuesday. The fundraising includes $9.6 billion for its flagship West Street Capital Partners IX fund, $1.6 billion for its Asia-focused West Street Asia Equity Partners I strategy, and $500 million for co-investment vehicles.

West Street Capital Partners IX, the ninth vintage of Goldman Sachs Alternatives’ flagship buyout business, attracted commitments from institutional and high-net-worth investors across North America, Europe and the Middle East, along with significant investments from Goldman Sachs and its employees. More than one-third of the fund has already been deployed, with investments including U.S. cybersecurity audit firm Schellman, European medical-device maker Numantec and U.S. sports representation agency Excel Sports Management.

Goldman Sachs Alternatives is also raising capital for a dedicated pan-Asia private equity strategy focused on controlling stakes in middle-market companies and selected growth investments. Michael Bruun, the firm’s global co-head of private equity, said the firm typically targets companies valued at $500 million to $2 billion-$3 billion, with an expected investment holding period of four to five years. Goldman Sachs Alternatives had $459 billion in assets under supervision as of June 30 and aims to increase that figure to $750 billion by the end of 2030.

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