Funds

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.

Click here to read the full story on Secondaries Investor