Goldman raises $5.5bn secondaries fund

Goldman Sachs has reportedly closed its new secondaries fund, GS Vintage Fund V, on $5.5bn - ahead of its $5bn target. The new fund is part of Goldman's asset-management arm and will focus on purchasing private equity investments at a discount on the secondary market. Goldman has raised four previous secondaries-focused vehicles, totalling over $6bn.

Last year, the investment bank bought a portfolio of private equity holdings that were divested as part of the breakup of Dutch bank ABN Amro for $1.5bn.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• Southern Europe