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==History== |
==History== |
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[[Goldman Sachs]] has historically invested capital in a variety of businesses alongside its investment banking clients.<ref>{{Cite web |title=Goldman Sachs Asset Management Completes Final Close of West Street Capital Partners VIII |url=https://www.gsam.com/content/gsam/us/en/institutions/about-gsam/news-and-media/2022/goldman-sachs-asset-management-completes-close-west-street-capital-partners-viii.html |access-date=January 20, 2023 |website=www.gsam.com}}</ref> In the early and mid-1980s, Goldman Sachs was a slow entrant into the financing of [[leveraged buyout]]s and [[junk bond]]s and preferred to focus on its traditional [[mergers and acquisitions]] advisory business. Beginning in 1983, however, Goldman Sachs began making longer-term equity investments in private equity transactions that came through its investment banking and other clients.<ref>[http://www.epochnews.com/artman/publish/article_2831.shtml GS Capital Partners V Closes at $8.5 Billion] {{Webarchive|url=https://web.archive.org/web/20091002124325/http://www.epochnews.com/artman/publish/article_2831.shtml |date=October 2, 2009 }}. PE Source, April 13, 2005</ref> |
[[Goldman Sachs]] has historically invested capital in a variety of businesses alongside its investment banking clients.<ref>{{Cite web |title=Goldman Sachs Asset Management Completes Final Close of West Street Capital Partners VIII |url=https://www.gsam.com/content/gsam/us/en/institutions/about-gsam/news-and-media/2022/goldman-sachs-asset-management-completes-close-west-street-capital-partners-viii.html |access-date=January 20, 2023 |website=www.gsam.com}}</ref> In the early and mid-1980s, Goldman Sachs was a slow entrant into the financing of [[leveraged buyout]]s and [[junk bond]]s and preferred to focus on its traditional [[mergers and acquisitions]] advisory business. Beginning in 1983, however, Goldman Sachs began making longer-term equity investments in private equity transactions that came through its investment banking and other clients.<ref>[http://www.epochnews.com/artman/publish/article_2831.shtml GS Capital Partners V Closes at $8.5 Billion] {{Webarchive|url=https://web.archive.org/web/20091002124325/http://www.epochnews.com/artman/publish/article_2831.shtml |date=October 2, 2009 }}. PE Source, April 13, 2005</ref> |
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Goldman Sachs Alternatives was founded in 1986, at the same time that similar groups were founded at other investment banks including [[Trilantic Capital Partners|Lehman Brothers Merchant Banking]] and [[Metalmark Capital|Morgan Stanley Capital Partners]]. Goldman Sachs established investment partnerships that allowed its clients to participate alongside the firm in private equity transactions. |
Goldman Sachs Alternatives was founded in 1986, at the same time that similar groups were founded at other investment banks including [[Trilantic Capital Partners|Lehman Brothers Merchant Banking]] and [[Metalmark Capital|Morgan Stanley Capital Partners]]. Goldman Sachs established investment partnerships that allowed its clients to participate alongside the firm in private equity transactions. |
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Latest revision as of 07:43, 11 January 2026
Private equity firm
Goldman Sachs Alternatives is the alternative investment business of Goldman Sachs, focused on private equity, private credit, secondaries, real estate, infrastructure, and growth equity investments.[1]
Goldman Sachs has historically invested capital in a variety of businesses alongside its investment banking clients.[2] In the early and mid-1980s, Goldman Sachs was a slow entrant into the financing of leveraged buyouts and junk bonds and preferred to focus on its traditional mergers and acquisitions advisory business. Beginning in 1983, however, Goldman Sachs began making longer-term equity investments in private equity transactions that came through its investment banking and other clients.[3]
Goldman Sachs Alternatives was founded in 1986, at the same time that similar groups were founded at other investment banks including Lehman Brothers Merchant Banking and Morgan Stanley Capital Partners. Goldman Sachs established investment partnerships that allowed its clients to participate alongside the firm in private equity transactions.
Since 1992, Goldman Sachs Alternatives has raised third party capital in addition to investing on behalf of the firm, its clients, and its employees through institutional private equity funds. Goldman Sachs Alternatives’ third party investors include pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds and other institutional investors.
| Fund | Vintage Year | Committed Capital ($m) |
|---|---|---|
| GS Capital Partners | 1992 | $1,104 |
| GS Capital Partners II | 1995 | $1,750 |
| GS Capital Partners III | 1998 | $2,780 |
| GS Capital Partners 2000 | 2000 | $5,250 |
| GS Capital Partners V | 2005 | $8,500 |
| GS Capital Partners VI | 2007 | $20,300 |
| West Street Capital Partners VII[4] | 2016 | $7,000 |
| West Street Capital Partners VIII[5] | 2022 | $9,700 |
| West Street Capital Partners IX[6] | 2024 |
- ^ Jenkins, Patrick (December 2, 2019). “Can Goldman’s merchant bank help group regain old edge?”. The Financial Times. Financial Times.
- ^ “Goldman Sachs Asset Management Completes Final Close of West Street Capital Partners VIII”. www.gsam.com. Retrieved January 20, 2023.
- ^ GS Capital Partners V Closes at $8.5 Billion Archived October 2, 2009, at the Wayback Machine. PE Source, April 13, 2005
- ^ Zhu, Julie (February 7, 2020). “Exclusive: Goldman Sachs to raise $8 billion for new buyout fund – sources”. Reuters.
- ^ “Goldman Sachs Asset Management Completes Final Close of West Street Capital Partners VIII”. Goldman Sachs. September 27, 2022.
- ^ Azhar, Saeed. “Goldman Sachs CEO says firm to raise ninth private equity fund”. Reuters. Retrieved July 9, 2024.
