NY (USA) \u2014 Gold\u00adman Sachs Group has closed a $9.7 billion private equity fund, its largest since 2007, to invest in compa\u00adnies with enter\u00adprise values of about $750 million to $2 billion. \u2014 Inves\u00adtors expect the best returns from the private equity asset class.<\/p>\n
The fund is part of the Wall Street gian\u00adt\u2019s asset manage\u00adment busi\u00adness and is called \u201cWest Street Capi\u00adtal Part\u00adners VIII.\u201d It plans to invest an average of $300 million to acquire a majo\u00adrity stake in compa\u00adnies in the finan\u00adcial and busi\u00adness services sectors, as well as in health, consu\u00admer, tech\u00adno\u00adlogy and climate change.<\/p>\n
\u201cThis fund\u00adrai\u00adsing builds on our 30-year history in private equity as we conti\u00adnue to grow the busi\u00adness and bring our alter\u00adna\u00adtive offe\u00adrings to a broa\u00adder inves\u00adtor base,\u201d Julian Salis\u00adbury, global co-head of Gold\u00adman Sachs Asset Manage\u00adment, said in a state\u00adment. GSAM, as the busi\u00adness unit is known, mana\u00adges $2.5 tril\u00adlion in assets, of which $176 billion is in private equity (PE).<\/p>\n","protected":false},"excerpt":{"rendered":"
NY (USA) \u2014 Gold\u00adman Sachs Group has closed a $9.7 billion private equity fund, its largest since 2007, to invest in compa\u00adnies with enter\u00adprise values of about $750 million to $2 billion. \u2014 Inves\u00adtors expect the best returns from the private equity asset class. The fund is part of the Wall Street gian\u00adt\u2019s asset manage\u00adment business [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":46028,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-46052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors"],"yoast_head":"\n