HALISTER: Goldman Said to Start Mkting $5b-$8b Corporate Buyout Fund: WSJ

Goldman Said to Start Mkting $5b-$8b Corporate Buyout Fund: WSJ

(Bloomberg) -- Goldman Sachs will soon begin marketing a new corporate-buyout fund, its 1st such fund since the finl crisis, WSJ reports, citing unidentified people familiar.
  • Aiming for initial close by end of yr
  • Goldman to contribute just a small portion of its own capital to comply with post-crisis rules
  • Fund named West Street Capital Partners, after the bank’s lower Manhattan address, to comply with rule that prevents private-equity funds from bearing parent bank’s name
  • Bank hopes to raise $500m or so from Goldman employees
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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GS US (Goldman Sachs Group Inc/The)

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