Goldman Sachs raised $11.7 billion across a fresh group of private-equity funds through its asset-management arm, even as its shares fell approximately 2.6% to $963.55 on Tuesday. The haul includes $9.6 billion for West Street Capital Partners IX, $1.6 billion for an Asia-focused strategy and another $500 million for co-investment vehicles, putting roughly 82% of the total in the flagship fund, which has already deployed more than one-third of its capital. Goldman expects the money to be invested over roughly four to four-and-a-half years. Goldman Sachs Alternatives managed $459 billion at the end of June and is aiming for $750 billion by 2030, so the $11.7 billion raise represents about 2.5% of the current platform. The shares at $963.55 sit 16.33% above the GuruFocus GF Value estimate of $828.31, a premium that raises the bar for deployment returns, exits and recurring fee growth.
Goldman Sachs Group IncGoldman raised $11.7B across new private-equity funds, expanding its asset-management platform toward its $750B 2030 target.
