Goldman Sachs Banks $9.7 Billion for Buyouts

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Goldman Sachs Banks $9.7 Billion for Buyouts
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Goldman Sachs’s asset-management arm collected $9.7 billion for its latest private-equity fund to invest in buyouts after almost two years of raising capital for the vehicle

Goldman Sachs Group Inc.’s asset-management arm collected $9.7 billion for its latest private-equity fund to invest in buyouts after almost two years of raising capital for the vehicle.

The firm said its new fund, West Street Capital Partners VIII LP, closed significantly above its target. It is nearly 39% larger than its predecessor, which raised $7 billion by the time fundraising wrapped up in 2017. Goldman collected its first commitment to the latest vehicle in November 2020, a regulatory filing shows.

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