Goldman seeks $5bn for Vintage VII

The investment bank also raised over half a billion dollars for a dedicated real estate secondaries fund last year, according to documents seen by PEI sister title Secondaries Investor.

Goldman Sachs Asset Management is back in market with its latest dedicated secondaries fund seeking $5 billion, Private Equity International sister title Secondaries Investor has learned.

The bank’s Alternative Investments & Manager Selection (AIMS) unit launched Vintage VII in May, according to an investment document seen by Secondaries Investor. The fund will focus on acquiring mature private investment portfolios across a wide range of deal types.

It is understood that Vintage VII, which is targeting the same size as its predecessor, will focus on buyout and distressed strategies in developed markets.

“Disruptive forces such as active management, regulatory change, and fatigued or stressed investors [are] driving increased secondary market volume,” the document notes. With over $4 trillion raised in the private equity market since 2005, there are favourable supply and demand dynamics for buyers of illiquid interests, according to the document.

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