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Laxman Pai, Opalesque Asia: Goldman Sachs Group Inc.'s asset management arm raised $4 billion for a new mid-market infrastructure fund to invest in infrastructure assets globally, including energy transition, transport and logistics.
According to a media release from the American multinational investment bank and financial services company, Goldman Sachs Asset Management closed West Street Infrastructure Partners IV (WSIP IV) at the fund's target. Goldman Sachs oversaw a total of more than $2.7 trillion in assets as of June 30.
The capital was raised from a diverse group of institutional and high net-worth investors, alongside significant commitments from Goldman Sachs and its employees.
Philippe Camu, Chairman of Infrastructure at Goldman Sachs Asset Management, said: "The WSIP IV fundraise reflects the strength, track record, and breadth of our global infrastructure platform. We are grateful for the partnership from both our existing and new investors and look forward to what is ahead for our franchise. We are excited about the performance of our portfolio to date, and remain committed to delivering consistent returns for our investors."
WSIP IV has already committed $2.3 billion to eight companies, diversified by geography and sectors, including Synthica, a US developer and operator of organic renewable gas plants; Froy ASA, a provider of transportation and support infrastructure to the Norwegian aquaculture sector; Verdalia, a developer and operator o...................... To view our full article Click here
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