Goldman Sachs Group IncGoldman Sachs Alternatives closed an $11.7B private equity fundraise, boosting its fee-generating asset base toward its $750B 2030 target.

Goldman Sachs Alternatives has closed its latest private equity fundraising at $11.7 billion, the firm said on Tuesday. Of that total, $9.6 billion went to West Street Capital Partners IX, the ninth iteration of the unit's flagship buyout fund, while $1.6 billion was committed to West Street Asia Equity Partners I, an Asia-focused strategy, and $500 million flowed into co-investment vehicles. West Street Capital Partners IX drew commitments from institutional and high-net-worth investors across North America, Europe, and the Middle East, with Goldman Sachs and its employees contributing meaningfully, and the fund has already deployed more than one-third of its capital. Michael Bruun, global co-head of private equity at Goldman Sachs Alternatives, told Reuters the firm plans to deploy the capital over roughly four to four-and-a-half years, typically targeting businesses valued between $500 million and $2 billion to $3 billion and holding each position for four to five years. As of June 30, Goldman Sachs Alternatives managed $459 billion in assets under supervision, against a target of $750 billion by the close of 2030.
Goldman Sachs Group IncGoldman Sachs Alternatives closed an $11.7B private equity fundraise, boosting its fee-generating asset base toward its $750B 2030 target.
West Street Asia Equity Partners I closed with $1.6B committed for the Asia-focused strategy.
West Street Capital Partners IX closed at $9.6B, the flagship buyout fund's ninth iteration, with over a third already deployed.