Goldman collects $3 billion for fund

The Goldman Sachs Group Inc. has raised $3 billion for its fourth dedicated private equity secondaries fund, GS Vintage Fund IV, which focuses on providing liquidity to private equity investors.
GS Vintage Fund IV will acquire portfolios of private equity assets, including interests in limited partnerships and portfolios of direct company investments and on creative capital solutions for private equity general partners and limited partners.
The fund will consider investments ranging from $1 million to over $1 billion, across all private equity strategies and regions around the world.
Goldman said that the fund, which was “significantly over-subscribed,” includes existing and new institutional and individual limited partners throughout the Americas, Europe, Asia and Australia.
GS Vintage Fund IV has already completed several investments, including transactions involving the JPMorgan Partners Global Fund and Pittsburgh-based Mellon Financial Corp., among others.
Goldman’s private equity group manages more than $22 billion of capital across fund-of-funds commitments, secondary market investments and co-investments.
Goldman Sachs Asset Management managed $676 billion as of Nov. 25.