Goldman to hold first close on Vintage VII

The investment bank had raised around two-thirds of the target for its latest secondaries fund a month after launching.

Goldman Sachs Asset Management (GSAM) is preparing to hold a first close on its latest secondaries fund and had raised around two-thirds of the target as of late June, Private Equity International sister title Secondaries Investor has learned.

The investment bank’s Alternative Investments & Manager Selection (AIMS) unit had booked around $3 billion for Vintage VII, according to two sources familiar with the fundraising. The fund has a $5 billion target and was launched in May, as Secondaries Investor previously reported.

Vintage VII will focus on buyout and distressed strategies in developed markets.

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