Goldman Sachs raises $2.5bn

Goldman Sachs Asset Management‘s Alternative Investments & Manager Selection Group held a final close for its Petershill Private Equity fund in February 2018, at $2.5 billion. The strategy is part of the firm’s wider Petershill programme, which invests across hedge fund, private equity and long-only managers. The fund of firms targets minority stakes in a select group of private equity managers.

The fund’s investor base includes pension funds, sovereign wealth funds, family offices and HNWIs.