Goldman Sachs raises $3.4B for fund targeting real estate fund stakes – report

6/27/2024

|

Seeking Alpha

• Subcategory: Capital Markets: Fund

• Tag: Closing | Strategy

• Additional Filters-Subcategory: Capital Markets: Fund-Fund of Funds, Capital Markets: Fund-Secondaries

• Company: Goldman Sachs (NYSE: GS)

Goldman Sachs Group's (NYSE:GS) asset management business raised $3.4B for its Vintage Real Estate Partners III fund and related vehicles, making it one of the largest private real estate funds aimed at benefiting from liquidity issues at other investment managers and their limited partners, according to a media report. The fund raised ~23% more than the $2.75B amassed for its predecessor that closed in 2020.