|
Laxman Pai, Opalesque Asia: Global asset manager Goldman Sachs' asset management unit raised more than $14bn for its largest-ever flagship secondaries fund (Vintage IX) and over $1bn for its debut fund (Vintage Infrastructure Partners) focused on secondary deals in the infrastructure sector.
The US investment firm announced in a media release that the fund has secured commitments from institutional investors, high-net-worth individuals, and Goldman Sachs employees.
The Vintage Funds, which provide liquidity solutions to private market limited partner investors and general partner fund managers, represent a flagship of Goldman Sachs' alternatives franchise, with leadership in the secondaries space since 1998 and over $45 billion of assets under management as of June 30, 2023.
According to the release from Goldman Sachs Asset Management, Vintage IX, the ninth iteration of Goldman Sachs' diversified private equity secondaries strategy and the largest offering among the Vintage Funds, closed above its fundraising target, with $14.2 billion of equity commitments from a global and diverse group of institutional and high net worth investors and meaningful commitment from Goldman Sachs employees. The firm's predecessor fund, Vintage VIII, closed on $10.3 billion of commitments in 2020.
Harold Hope, global head of secondaries at Goldman Sachs Asset Management, said: "We are deeply appreciative of the support from both existing and new investors. In addition to ...................... To view our full article Click here
|
RSS
