Goldman to become Duke Street investor

It is understood that Goldman Sachs plans to buy stakes in Duke Street's previous fund and will also provide fresh cash for future deals. Goldman is understood to be investing from its GS Vintage Fund VI and will potentially buy secondary stakes from Duke Street's 2007 fund, which raised a total of €963m.

The deal follows Duke Street's recent sale of a 35% stake to Paris-based investment firm Tikehau Group. Speaking to unquote" following the transaction, Duke Street's Buchan Scott, partner in charge of investor relations, explained that the firm is looking to invest around £500m over the next three years. "This investment will come from two sources. First, from our committed fund, which we plan to raise around £100m for. Second, the balance will come from our deal-by-deal structure, where capital is raised from co-investors on each deal," explained Scott.

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• Topics
• Fundraising
• UK / Ireland
• Duke Street
• Goldman Sachs