Key facts
- Goldman Sachs' alternatives unit raised $11.7 billion in its latest private equity fundraising.
- The flagship fund, West Street Capital Partners IX, secured $9.6 billion.
- West Street Asia Equity Partners I raised $1.6 billion for its Asia-focused strategy.
- The firm is targeting companies with enterprise values between $500 million and $2-3 billion.
- Goldman Sachs Alternatives had $459 billion in assets under supervision as of June 30.
Goldman Sachs' asset management division announced Tuesday that its alternatives unit has successfully raised $11.7 billion across its latest private equity funds and associated vehicles. The fundraising effort includes $9.6 billion for its flagship buyout fund, West Street Capital Partners IX (WSCP IX), and $1.6 billion for its Asia-focused strategy, West Street Asia Equity Partners I. An additional $500 million was raised for related co-investment vehicles. WSCP IX, the ninth iteration of Goldman Sachs Alternatives’ main buyout business, attracted capital from institutional and high-net-worth investors across North America, Europe, and the Middle East, with significant contributions from Goldman Sachs itself and its employees. The fund has already invested over one-third of its capital and plans to deploy the remainder over approximately four to four-and-a-half years. The firm typically targets companies with enterprise values between $500 million and $2-3 billion, intending to hold investments for four to five years and facilitate value creation and exits within that timeframe. Goldman Sachs Alternatives is also actively raising capital for a separate pan-Asia private equity strategy focused on acquiring controlling stakes in middle-market companies and select growth investments in the region. As of June 30, Goldman Sachs Alternatives managed $459 billion in assets under supervision, with a stated goal to increase this figure to $750 billion by the end of 2030.